Bitcoin and buddies is rapidly becoming something that can't be ignored by government, regulators and authorities. If this carries on many of them will be compelled to sort their shit out.
Do you think the majority will do anything beyond reasserting AML/KYC shite?
If they decide look a little closer they'd probably find an awful lot about the crypto market that they really, really don't like.
I think something being done to bring ICOs to heel is inevitable, but many of the exchanges don't cut it either. There aren't too many that you could consider fully compliant, that's if they even know what there is to comply with.
Do you think the majority will do anything beyond reasserting AML/KYC shite?
If they decide look a little closer they'd probably find an awful lot about the crypto market that they really, really don't like.
I think something being done to bring ICOs to heel is inevitable, but many of the exchanges don't cut it either. There aren't too many that you could consider fully compliant, that's if they even know what there is to comply with.
Governments are going to want to collect taxes on cryptocurrency profits. I think the IRS will be paying a lot of attention to exchanges where you can buy and cash out Bitcoins to see if people are claiming income from gains.
The tricky part is that my understanding is you don’t have to claim income until you cash out so no matter how much my Bitcoins are gaining in value, I don’t have to account for it until I sell. So the US government won’t see everyone claiming income from Bitcoins. Just the ones that start cashing out.
