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RE: Mexico is Working on Legislature to Regulate Bitcoin Firms
It is very easy to transfer value overseas with a cryptocurrency. Let's say you bought Bitcoin from an unregulated firm, exchange in your country. There is no evidence or record of you buying it or even if there is a record either it is anonymous or that exchange does not share it with your government. If you transfer it to another exchange in another country, you can easily withdraw that money and value created in your home country just flies away to another tax system.
That would appear to be a feature...not a bug.
I don't see a problem.
Well, if government can not tax that value which is earned in your country, it just goes crazy. If there is no regulation, there is going to be a ban. Look at China.
government is already crazy.
actually that's pretty much a definition of government.