they know they can't fully regulate it, they are trying to squeeze it as a much as a possible, for increasing their profit via taxes
Yes it's impossible that they can regulate Bitcoin or any cryptocurrency as it is, specially Monero. How are they going to control transactions that don't show in any sort of ledger? good look with that lol.
Yes it's probably impossible to fully regulate crypto, but they seem to be attempting to tax crypto businesses and take a cut of their proceeds via license fees. All the US states will probably develop their own bitLicense now and require you to buy one if you want to operate a crypto business there, or do business with its residents. That could quickly get very expensive.
Even if they put regulations and force to inform every bank of any transaction that is suspicious of having a Bitcoin origin it would still be useless against transactions for cash in person like LocalBitcoins.
not to mention that some altcoin are even unknown to us, let alone to them, one can just create another coin just to evade their regulation, another coin(which could be another monero, fully untraceable) that isn't covered by the bitlicence in that country
Isn't a similar thing happening in NY and NJ? They're regulating the 3rd parties built around cryptocurrencies, not the cryptocurrencies themselves(As that's likely "impossible").
Yes it's impossible that they can regulate Bitcoin or any cryptocurrency as it is, specially Monero. How are they going to control transactions that don't show in any sort of ledger? good look with that lol.
Yes it's probably impossible to fully regulate crypto, but they seem to be attempting to tax crypto businesses and take a cut of their proceeds via license fees. All the US states will probably develop their own bitLicense now and require you to buy one if you want to operate a crypto business there, or do business with its residents. That could quickly get very expensive.
Even if they put regulations and force to inform every bank of any transaction that is suspicious of having a Bitcoin origin it would still be useless against transactions for cash in person like LocalBitcoins.
not to mention that some altcoin are even unknown to us, let alone to them, one can just create another coin just to evade their regulation, another coin(which could be another monero, fully untraceable) that isn't covered by the bitlicence in that country
not anymore we going to start going after scammers for fun!
<<<< try to list some newbie crap clone and see what happens ! lol ;-)
