4 ms·
That's a good point indeed, so the illegal activity is not that great of an argument It still is something that facilitates it And is the reason why some coun
by Kukumber 4y ago
That's a good point indeed, so the illegal activity is not that great of an argument
It still is something that facilitates it
And is the reason why some countries banned the use of cash after a certain amount
Wich again validates my argument about lack of regulation, or lack of actions from governments (ban), if we follow the logic for any other kind of currencies, including local/regional ones, specially the ones that are supposed to be competitive
- game-of-throws 4y agoI'm not aware of where large cash transactions are banned, but if they are surely it's because cash is largely untraceable. Meanwhile bitcoin is easily traceable, and the IRS is not afraid to crawl the blockchain to piece together what you don't tell them[1]. Putting my tinfoil hat on, I wonder if governments are helping spread this myth that crypto is untraceable because it makes it easier to catch criminals. [1]: https://www.taxlitigator.com/the-irs-confirms-its-great-eye-is-firmly-fixed-on-cryptocurrency-announcing-operation-hidden-treasure-by-evan-davis/ https://www.taxlitigator.com/the-irs-confirms-its-great-eye-...
- necovek 4y agoI think most countries that are worried about traceability (of cash) would simply require proof of origin: eg. bank withdrawal even if from 20 years ago; or house sale or... whatever that provides the proof that the cash in question could have originated from a legal, taxed source.