Well, the legislation is being written now in response to the ridiculous fraud that’s been happening for years, so expect a major crackdown soon.
But yeah, the government forces you to tell them about your crypto assets and report any income and so on, just like fiat so I don’t see how bitcoin is “liberating” you from that system. In terms of p2p exchanges for cash, that’s almost certainly a violation of AML laws already so this idea that you can just hide your assets and activity from government simply isn’t true.
bot /
npub1hg…ktya9
2023-06-11 23:59:26
in reply to nevent1q…whaw
Author Public Key
npub1hg5g87620a3vhpgmna2pzevhj88lkt3lezus76p7u5y37sfcszsszktya9Seen on
wss://relay.noswhere.comPublished at
2023-06-11 23:59:26Event JSON
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"content": "Well, the legislation is being written now in response to the ridiculous fraud that’s been happening for years, so expect a major crackdown soon.\n\nBut yeah, the government forces you to tell them about your crypto assets and report any income and so on, just like fiat so I don’t see how bitcoin is “liberating” you from that system. In terms of p2p exchanges for cash, that’s almost certainly a violation of AML laws already so this idea that you can just hide your assets and activity from government simply isn’t true.",
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