3 ms·

How? 100% tax on crypto-to-fiat transactions? National firewall inspecting traffic for numerically-low hashes? Police kicking down doors of suspected miners,

• Tenoke 5y ago
  The same way monero is banned in Australia - you don't allow exchanges to offer it to your citizens, and for them to cash it out. This can't stop everyone but as exchanges require KYC for cash deposits/withdraws it can curb the majority of the usage especially for speculation purposes. For a US example, look at how binance.com is banned in the US and imagine the same but for every exchange. If anything banning all of crypto is easier than banning a specific crypto and payment operators are pretty friendly to LE.
• tluyben2 5y ago
  Of course not: if you are fined heavily if you use them, most people won't use them and that's it. Follow the crypto through the chain and if it seems to originate from you, you pay 100x whatever is in the address. Or jail if you cannot pay that. Would work no? You do not need technical measures if you are a resident of a country. But you catch them at the point of conversion to fiat. And then it becomes too much risk and hassle. I think it would weaponize blockchain: the fact you can be lifted from your bed in 20 years for an illegal transaction because it is on the chain would be enough for most to never touch it.