Following the recent ransomware fiasco and multiple traders from a variety of U.S. states arrested for bitcoin related money laundering charges two senators have introduced a new bill to regulate these activities. The legislation submitted last week aims to classify bitcoin as a monetary instrument in the 2017 ‘Money Laundering, Terrorist Financing, and Counterfeiting Act.’
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Regulate, tax it, control it -- have to watch their words. If they do -- the world will pass them by. maybe they will get rid of the US dollar since that is used in so many crimes worldwide.
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Hopefully, all fiat currencies will be passed by.
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we have a front row seat....pass the popcorn :-)
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Here is comes, folks, once the government starts getting involved you can guarantee something irritating is about to happen.
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Exactly, the governments always want to stay in control of things.
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If the USA does not take a dominate position in CryptoCurrency's then they can expect an devaluation of their own currency. The USA should encourage crypto development. "Smart States" like Maryland-home to Hopkins ZCASH, Connecticut, and Coinbase's North Carolina will emerge as financial powerhouses. It seems strange that alleged 'liberal' senators are so against crypto: how else can they finance their own salaries and projects with our our enslavement to 'them'.
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With a conservative leadership right now, it is very possible that the US will miss the chance to take leadership in blockchain tech...
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Fair point but Feinstein is DEM and Silicon Valley loves Crypto Start ups. It's definitely a bi-partisan deep state which does have many 'repubs' but not only 'repubs'.
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No matter what happens, people will always find ways to work around laws and keep the government at bay.
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