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RE: The Cryptocurrency end is near!
As long as Wallstreet thinks they can get a piece of the action the US won't try to squash crypto.
As long as Wallstreet thinks they can get a piece of the action the US won't try to squash crypto.
You just might be right. Interesting line of thought! What do you base your claims on?
I'm basing it on the SEC's decision to allow bitcoin futures and moves by the IRS to tax gains from bitcoin. Perhaps that's a leap but to me it seems the United States just wants to regulate and tax crypto. Not ban it.
Absolutely! In Europe, it's the same way at least for the European regulatory body. The problem is some smaller financial institutions are simply ignoring that there is no actual law atm against buying or selling crypto, but still censure most of the transactions that are being sent to bank accounts related to exchanges like coinbase, or Gdax. We heard that even some bank accounts were closed simply because they got transactions that came from trading crypto's and that's the actual problem right know. There is no law banning anything but they close accounts and block transactions or even worst they freeze assets simply with the premise of the AML laws and regulations stating that the account was used for laundering money.