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Why wouldn’t it be? The exclusive purpose of crypto is to circumvent existing regulation for financial transfers. The US government would obviously not be so ro
by appplication 3y ago
Why wouldn’t it be? The exclusive purpose of crypto is to circumvent existing regulation for financial transfers. The US government would obviously not be so rosy about that idea, nor would it recognize the “sovereignty” of crypto such that its laws would not apply.
- justaj 3y agoBecause I was under the impression that once you buy certain currency, you're allowed to do with it whatever you want. Certainly if you're outside of the jurisdiction of the entity that issues said currency.
- lmz 3y agoCash yes (it's just another physical token), but bank account / "electronic" dollars are ultimately backed by US bank accounts under US jurisdiction.