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how would you get the money back? Wouldn't that tank the price of everything? Not saying I'm categorically opposed to that but you'd essentially be confiscating
by 1-more 3y ago
how would you get the money back? Wouldn't that tank the price of everything? Not saying I'm categorically opposed to that but you'd essentially be confiscating the crypto since it'd be impossible to sell it for anything close to what you paid, right?
- RyanAdamas 3y agoIt would be a US law so they can get their money back in foreign currencies since its cryptographic and can be transferred to other exchanges internationally, and if they want dollars they can exchange it on the open market. Thankfully, that would increase the demand for dollars and continue to strengthen a currency weakened by a massive speculative market primed through international drug trafficking.
- 1-more 3y agoI see I read exchanges not as "marketplaces" but as "transfers of crypto in exchange for money" like you were going to have the government forcibly compel everyone in the US holding crypto to sell it for a flat USD value and thusly divest themselves. So your idea would be that they can keep holding crypto or they can sell it for otherd-than-USD-fiat in non-US exchanges. Makes sense.