How to regulate a crypto

in #bitcoin6 years ago

regulating crypto can be as easy as registering the people who want to cash out their crypto.
Due to the nature of our fiat banking system, we must have identification and regulation when cashing crypto
out.
By providing a Crypto Wallet address and a bank account number, regulation will be attainable.
The main purpose for regulation is to ensure our government gets its taxes.
By utilizing the ledger and point of sale transaction records, one will be able to verify how much taxes are owed.
Due to the fact that the ledger can be verified, the government and consumer can trust that the amount of taxes being reported is accurate.

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