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re: It is safe to say cryptocurrency is reacting poorly to a Biden Presidency
Posted on 1/21/21 at 9:22 am to AnonymousPotato
Posted on 1/21/21 at 9:22 am to AnonymousPotato
I am no finance guy, but what can the government do to a currency that isn't theirs?
Tell people they can't accept it?
Prohibit buying it?
Tell people they can't accept it?
Prohibit buying it?
3
Posted on 1/21/21 at 9:29 am to Roaad
They would incentivize US banks to not allow transactions with someone like Coinbase or something. But Coinbase has an IPO coming up so how that gonna happen? The feds love the idea of a crypto currency they’re just mad they don’t control the one we’re using.
Bitches.
Bitches.
This post was edited on 1/21/21 at 9:36 am
Posted on 1/21/21 at 9:38 am to Roaad
Hello I'm the government and I'm here to help with your problem: it is now a felony equivalent to money laundering to transact in BTC on US soil.
Posted on 1/21/21 at 11:45 am to Roaad
quote:
I am no finance guy, but what can the government do to a currency that isn't theirs?
Tell people they can't accept it?
Prohibit buying it?
they'll just treat it like they did cash and make it almost impossible to use outside of a bartering system
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