Banning crypto coins would be impractical and unrealistic.
What we're really talking about is regulations etc.
As in they are allowed to exist.. but !
The "but" is that you will have to pay taxes for example on your exchange profits.
And.. that exchanges themselves will collect your picture ID etc to keep tabs on you.
This is already happening.
You guys fail to see WHY exchanges have a "getting verified" system in place.
They do it for one single reason.. LAW.
AML/KYC laws exist and are enforced and are utilized heavily by US govt 3 letter agencies.
How do you think US govt got the owner of KickAssTorrents info from Coinbase ? (
to arrest Artem)
Which is funny because BigVern laundered millions there an got away with it.I've gone through all this for years.
You all say the same stupid shit..
The same type of stupidity where users play dumb about Paypal's TOS with crypto.
Crypto has known it is against their rules all long since min 2012.
yet look at the market sections.. see 1,000's doing it ?
I seen some of them say they get caught and simply make a new account.
Well what happens when your account is seized and you can't pay the guy who bought BTC via PP ?
The anon forum guy vanishes.. that's what.
Yes that is one of countless forms of regulations employed ALREADY in crypto.
With much more on the way guaranteed.
Bottom Line:Crypto is an island.Ties to FIAT keep the life blood flowing.
If noobs can't show up here like they did en mass and chant "
How do i send my money here?" on the Cryptsy chat box then we have a rather large problem.
Back then they all chanted no.. we don't need ties to FIAT.
Bullshit !
A currency can not be marooned on an island.
If value can not be moved from one currency to another we got problems.
And funny enough it's me who has been advocating breaking that barrier all along too.
I support faucets and mining etc.
It's how i got into crypto.. i never showed and spent my
real money on this crap.
..like all of you Investards.What kind of idiot buys crypto shitcoins with real money ? And if you do ?
There is a trail and a link etc to be guarded and regulated.
PS:https://www.ag.gov.au/CrimeAndCorruption/AntiLaunderingCounterTerrorismFinancing/Pages/default.aspxAnti-money laundering and counter terrorism financing. Australia has a strong regime to fight money laundering and terrorism financing. ... The Australian Transaction Reports and Analysis Centre (AUSTRAC) is Australia's AML/CTF regulator and specialist financial intelligence unit.
in comparison..
http://www.finra.org/industry/amlFirms must comply with the Bank Secrecy Act and its implementing regulations ("Anti-Money Laundering rules"). The purpose of the AML rules is to help detect and report suspicious activity including the predicate offenses to money laundering and terrorist financing, such as securities fraud and market manipulation.
You were sayin' ?