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Who should regulate it? Due to its nature it is inherently extremely hard to regulate.
by tacker2000 1y ago
Who should regulate it? Due to its nature it is inherently extremely hard to regulate.
- jsheard 1y agoThe technology is hard to regulate, but the exchanges where the overwhelming majority of fiat-crypto trades happen are regular old businesses which can be regulated or sanctioned just like anything else. Blockchain magic wouldn't stop the feds from seizing Coinbase's assets and hauling Brian Armstrong off to prison if they wanted to.
- liotier 1y agoJust like money laundering: choke it at the interfaces with the legitimate financial system.
- tacker2000 1y agoYes, the fiat input and output are the only points that can be controlled, but even then they can only be controlled by the local governments. And as you can see all of them are late to the party.