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RE: The World of Cryptocurrency - Bitcoin's Fate
There is no way the government can regulate cryptocurrency, as of now. But technology is fast evolving, maybe time comes that they can discover ways on how to regulate it.
yeah... the problem is governments like to have reasons to prosecute people... take the war on drugs as an example... take the quote from one of Richard Nixons advisers:
"We knew we couldn't make it illegal to be either against the war or black, but by getting the public to associate the hippies with marijuana and blacks with heroin, and then criminalizing both heavily, we could disrupt those communities."
Yes i absolutely agree on this also people are trying to skip taxes using crypto currency sm cuntries lost alot of money due to nt getting any tax frm import export due to trade in cryptocurrency thr is a gud chance of countries banning cryptocurrencies
IRS already won the case over Coinbase over customer data. We'll see what comes next... The problem is that if people start using cryptocurrency as currency replacement, there's no way to measure and tax on any realized gain.