3 ms·

Essentially an embargo against crypto? Similarly to how the US treats a company that deals with Iran?

• ineedasername 5y ago
  That's precisely what I'm thinking. Of course Iran, as a country with an economy of its own, can still function internally, and there's a black market, but there are also risks to that. Crypto certainly couldn't hit mainstream transactional usage under those conditions, and there would be safer places to keep your money legally & avoid the risk of having your assets frozen. The window is closing rapidly on this option though. The more it becomes just another financial asset class with trillions in market cap, the harder that option becomes. However, if a country like the US ever decides it's a real threat to it's sovereign monetary policy, it could take that option anyway and simply bail out those impacted financially. I think the most likely scenario is simply that it becomes regulated like any other part of the financial system. Heck thinks like CTR's SAR requirements. It will be difficult to ever get Bitcoin or others to their dream of decentralized currency unbound by governments when governments can make regulations controlling it's usage. The average business owner isn't going to risk their business and jail time trying to work outside those regulations.