/u/sdgsgsdfgdfgsdfgWhat does the government prevent from cracking down on exchanges?top scoring links : CryptoCurrency

It has probably been answered a million times so please excuse this probabyl rather stupid question.

I think that one of the biggest risks to crypto is that the government is penalizing the ownership of crypto. Of course it is rather difficult for th gvt. to proove that someone owns crypto. What it can do is penalize all acts of exchange from fiat to crypto and the other way around.

It may penalize the exchange of goods and services in exchange for crypto. Now you cannot buy anything anymore with crypto.

You can still stash your money in crypto? No. The gvt may penalize crypto exchanges and banks. For example it may require banks to report all transactions from eg kraken or coinexchange. Essentialy your crypto is now worthless because you cannot exchange it in fiat aswell.

This issue has probably been adressed a million times. Does someone have an ELI5 or a link to an answer?

submitted by /u/sdgsgsdfgdfgsdfg
[link] [comments]It has probably been answered a million times so please excuse this probabyl rather stupid question. I think that one of the biggest risks to crypto is that the government is penalizing the ownership of crypto. Of course it is rather difficult for th gvt. to proove that someone owns crypto. What it can do is penalize all acts of exchange from fiat to crypto and the other way around. It may penalize the exchange of goods and services in exchange for crypto. Now you cannot buy anything anymore with crypto. ​ You can still stash your money in crypto? No. The gvt may penalize crypto exchanges and banks. For example it may require banks to report all transactions from eg kraken or coinexchange. Essentialy your crypto is now worthless because you cannot exchange it in fiat aswell. ​ This issue has probably been adressed a million times. Does someone have an ELI5 or a link to an answer? submitted by /u/sdgsgsdfgdfgsdfg [link] [comments]Read Morer/CryptoCurrencytop scoring links : CryptoCurrency

Advertisements

Leave a Reply