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Joined: 03/05/2015 Posts: 11971
Likes: 10543

Regulation is a risk, but not necessarily in the sense you mention

Regulation of crypto is not going to be 'bitcoin is illegal'.

It is going to be more like 'brokerages for bitcoin need to have capital controls that can survive a FINRA audit, and markets for bitcoin can't front-run or trade on their own accounts using customer assets, and you can't just print $25B of chuck-e-cheese tokens and use them to buy bitcoin'.

If all that stuff actually happens, trust me you will be told this is the gummint trying to destroy bitcoin, and it will likely cause many major vendors in the space to face criminal charges, and likely cause at least a short term crash in the crypto markets.

But it won't be 'bitcoin is illegal'. It will just be 'these illegal things don't become legal just because you did them with bitcoin and we are finally catching up'.

(In response to this post by farragut)

Posted: 01/13/2021 at 5:35PM


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Current Thread:
Cryptocurrencies -- farragut 01/13/2021 11:01AM
  It has no KYC or AML -- eric cartman 01/13/2021 12:17PM
  If you get into it, don't forget your password -- 105A 01/13/2021 11:45AM
  Don't feel too bad -- HooStu 01/13/2021 12:03PM
  True, true. -- farragut 01/13/2021 12:06PM

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