4 ms·
I don’t know about Russia, but I think if China decided to restrict capital from leaving their country, they would definitely crack down on crypto since escapin
by enraged_camel 4y ago
I don’t know about Russia, but I think if China decided to restrict capital from leaving their country, they would definitely crack down on crypto since escaping capital controls is crypto’s primary use case and China knows that.
You might ask “what does such a crackdown look like?” And the answer is, they would simply round up and throw in jail prominent crypto people, make it a crime to do anything with crypto (buy, sell, use as currency etc.) and put the fear of god in everyone else so that nobody dares touch crypto.
- coffeebeqn 4y agoBesides if you control the whole network, how hard would it be to filter the Bitcoin network calls and then arrest the people making them?