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RE: LOW-LIFE DOWNVOTING MEMBERS

in #steemit5 years ago

...has to give the names of all the people they pay more than six hundred dollars a year out to along with those individuals social security numbers or relevant tax ID to the IRS.

That would only apply to exchanges of legal-tender.

Crypto is basically "World of Warcraft gold" (which is also exchangeable for legal-tender).

AND, I believe KYC (know your customer) laws are blatant violations of personal-privacy.

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Which is also exchangeable for legal tender is what grabbed the guys attention explaining it to him. That gave my complaint legitimacy enough to file.

Also the cryto's have been already been determined by the chairman of the FTC as being the same as money, it holds value. They did this because of the complaints coming forth could proceed in court from the people who were ripped off by the exchanges for millions. They had to determine cryto's had monetary value. (I am not fully informed of all the scandals that were involved when people invested then lost their money after someone took off with it or an exchange went down but that is what drove the decision by the FTC)
https://www.sec.gov/news/testimony/testimony-virtual-currencies-oversight-role-us-securities-and-exchange-commission

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