> China has literally banned Bitcoin. Their approach is to roll out their own digicoin. China "banning" cryptocurrency is a meme at this point (I think they've

> China has literally banned Bitcoin. Their approach is to roll out their own digicoin. China "banning" cryptocurrency is a meme at this point (I think they've banned it 4 times now). > Wild West of tax evasion You literally cannot evade taxes, so I'm not even sure what this means. All US exchanges report everything to the IRS/SEC. And if the exchanges don't, your bank certainly will. Moving money in your bank account and not reporting it as income is a big no-no so good luck to anyone that tries to do this. > Just like counterfeiting and money laundering exists today This is kind of a faulty analogy, it's not like cash is banned, and most of those things are done with cash. People seem to like crypto markets as a speculative instrument. Is that good/bad? I don't know, but it's probably here to stay.