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This could be the catalyst for privacy oriented coins such as Monero and Zcash. Also the right catalyst for doing away with exchanges and start buying and sell
by maverick-iceman 5y ago
This could be the catalyst for privacy oriented coins such as Monero and Zcash.
Also the right catalyst for doing away with exchanges and start buying and selling crypto on OTC type market with 1:1 deals and interactions
Like it happens for grey area commodities such as marijuana and prostitution
- miohtama 5y agoIf yo are a legit company you need to file your accounts with the government. Maybe some small funds and companies can be on a paper in Seychelles (no accounts needed) and have their Monero induced cocaine parties, but this law aims at Amazon (effectice tax rate 0%), Apple, Google, Microsoft, Netflix and sucy.
- maverick-iceman 5y ago> If yo are a legit company you need to file your accounts with the government. You don't have , you do because you are afraid of repercussions. With a totally private coin and transaction happening off the chain....well it's not like they have any means to see what you are doing and present repercussions.