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Enforcing it is trivial for a sovereign nation that issues it's own currency and collects taxes in that currency. Just as we've seen; they can regulate the on/
by Phlarp 4y ago
Enforcing it is trivial for a sovereign nation that issues it's own currency and collects taxes in that currency.
Just as we've seen; they can regulate the on/off ramps between local currency and crypto.
If you've got a method to turn meaningful amounts of BTC into USD without being subject to KYC regulations; then the US government is probably already building a federal money laundering case against it.
- plebianRube 4y agoWhy is it still in use in China then? How are nodes and miners still operating there. You give evil too much credit.