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July 06, 2013, 03:20:44 PM |
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hello, currently laws related to currencies are based on fiat economies and the ways fiat is transferred
these methods of commerce have no one-to-one relationship with how commerce is done in a blockchain based economy, and the way information about transactions is disseminated
perhaps existing legislation could address this by making a distinction between fiat based economies and blockchain based economies.
For instance, eventually almost everyone will have transacted with a convicted criminal with illicit funds in a blockchain address. In a fiat based economy there is no visible link but if there was a direct link you too could be implicated with the criminal in some jurisdictions. With a blockchain, using this logic, everyone could be implicated, blockchain just needs to be exempt from this logic
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