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Cue the crowd of "you can't ban math and numbers!". Yes I can. I might not be able to effectively stop it for operating, but I sure a shit can put big, fat roa
by valdiorn 4y ago
Cue the crowd of "you can't ban math and numbers!".
Yes I can. I might not be able to effectively stop it for operating, but I sure a shit can put big, fat roadblocks with long jail sentences at every on- and offramp to privacy coins within my jurisdiction, and coerce anyone who wants to do business in my jurisdiction or the currency I control (euro) to do the same.
* A crypto exchange offers privacy coins? DNS block it, force every banking and credit card entity to blacklist it. No swift, Bacs, visa, MasterCard, PayPal, Venmo, alipay, etc.
* Anyone offering services to exchange bitcoin or fiat to privacy coins is labelled a criminal.
This will shut down 99 percent of the volume, making it a lot easier to focus on tracking the remaining 1 percent of illegal money and actually catching criminals.
You can absolutely ban cryptocurrencies.