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Message
re: It is safe to say cryptocurrency is reacting poorly to a Biden Presidency
Posted on 1/21/21 at 10:13 am to AnonymousPotato
Posted on 1/21/21 at 10:13 am to AnonymousPotato
quote:
many cryptocurrencies are used, at least in a transaction sense, mainly for illicit financing and I think we really need to examine ways in which we can curtail their use and make sure that anti-money laundering doesn’t occur through those channels,”
in other words, we want to regulate crypto
nothing new here with the kyc laws but weak fearful hands continue to sell out to market whales. happens every time lol
0
Posted on 1/21/21 at 10:24 am to Ping Pong
quote:
undoubtedly cause inflation
Posted on 1/21/21 at 11:36 am to wutangfinancial
quote:
undoubtedly cause asset inflation
There, Fixed that for you.
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
Posted on 1/21/21 at 11:59 am to Pendulum
Multiple expansion isn't really inflation but I'll give it a rest 
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