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It is highly unlikely that the U.S. government will declare Bitcoin illegal, due to this breaking news story: "U.S. Agencies to say Bitcoins Offer Legitimate B
by a3voices 13y ago
It is highly unlikely that the U.S. government will declare Bitcoin illegal, due to this breaking news story:
"U.S. Agencies to say Bitcoins Offer Legitimate Benefits"
http://www.bloomberg.com/news/2013-11-18/u-s-agencies-to-say-bitcoins-offer-legitimate-benefits.html http://www.bloomberg.com/news/2013-11-18/u-s-agencies-to-say...
- dangero 13y agoI'm talking more long term. Right now bitcoin is not a threat or a legitimate replacement for dollars. If and when bitcoins become a normal every day option for purchases, that story could really change. For example, one of the major problems with bitcoin for a government is that they cannot as easily trace taxes on bitcoin trading. If I could do all my local purchasing with bitcoin, I assume the benefit would be that I would not pay sales tax. That's a huge issue for governments if bitcoins ever become ubiquitous.