Sure, DEX exchanges could be used to make the money relatively untraceable. They don't want anyone who "shouldn't" be making money in crypto to be making money. I agree with you that the current IRS rules and proposed rules on reporting a simple movement of a certain balance of crypto is stupid -- many transactions are just movements between a mutually controlled wallet. No one is required to report when they move $10,000 in cash from their safe deposit box back to their house. Reporting should occur when such-and-such crypto is used for a large transaction between separate parties just like a normal cash transaction. Governments do need a reasonable ability to collect fair taxes, whatever they may be, but that should only be within reason.
But sure, at this point in time the government can't stand crypto. The majority of it is just wealth being extracted from nowhere and that makes most governments nervous. Still, there does need to be a certain amount of regulation to protect investors.
They act like they can’t stand it. It’s a show
there should be 0 regulations imho. Crypto is a worldwide multi jurisdiction market. Who does America think they are
all that regulations result in, is situations like COMEX silver. Silver got heavily regulated, J.P. Morgan now controls the market, and silver market is 100% manipulated by paper silver. They want regulation because of results in control. They got caught manipulating the market, and they only got a small fine.
while I do beleive in regulations for things like the nasdaq, the s&p ect are good for Americans…… what does this really mean?
elected officials cannot be charged by the sec for manipulation. Look at all the elected officials who sold right before the COVID crash. Look at all the people who sold their airline stocks right before 911
while the idea of regulation is necessary and makes sense in the USA, the only people who get hurt are the middle class. Before Robinhood you needed to have a broker or be accredited to even have access to the markets
to attempt to regulate a global market like crypto just shows how desperate the powerful are to have complete control. The USA thinks that exchanges such as bitmex in the Seychelles are under their control.
crypto is a spit in the face to the bankers. El Salvadoran gov officials have went on record saying the IMF and other big groups have been trying to
on them over the past couple weeks.
El Salvador uses the US dollar. Imagine running a county, using a currency like the US dollar, and seeing America print 20% more usd than all of what they ever printed combined. Their president got tired of the
, and now he is walking a fine line of getting Gadaff’ed. El Salvador went from complete trash, to extremely fast progress within a couple of years.
I saw an interview where the el Salvadorian president was comparing their murder rate to Chicago and basically low key
ting on the globalists and their bull
stories. San Salvador is now safer than Chicago. Young people are getting education, and they are telling the world “we want to work with you, but we don’t need you”
that is how you fix your country.
now you have African countries wanting to do the same concerning moving away from manipulated globalist currencies to bitcoin.
en.m.wikipedia.org
finance.yahoo.com
www.mediaite.com
www.cnbc.com
