Banning cryptocurrencies is a foolish idea; all we need to do is regulate the exchanges.
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Doesn’t the US mostly do this anyway? Only the regulated exchanges (like Coinbase) can have banking relationships usefully capable of transferring
$USD in or out. If they cracked down further there only needs to be one sovereign nation who doesn’t and there’s your gateway. -
The current arrangement lets Coinbase serve as a gateway between the financial system and la-la-land. The way forward is to make access to the banking system contingent on only doing business with other compliant entities.
End of conversation
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only those who understand form 8300 and it has included crypto as of 2020
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I'd like to test this theory. Please provide me with a wallet full, a suitcase full, and a boxcar full of cash. I'll report the results promptly (or, if necessary, have my attorney report them).
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