Post
Topic
Board Bitcoin Discussion
Re: Congress plans to regulate cryptocurrencies
by
yoseph
on 07/09/2017, 22:19:57 UTC
'Congress submits bill making it illegal to hold cash, Bitcoin, or other assets outside of a bank without informing them in writing'

https://www.congress.gov/bill/115th-congress/senate-bill/1241/text#toc-idea0e9489fc8f46379f95bb56c8bbbda5

What is your thoughts on this ? Could this happen ?
First and foremost, the bill made no mention of cryptocurrencies but rather virtual currencies and i don't think Bitcoin can be catergorized as a virtual currency because in order to use it to purchase most things, you will need to cash it out first.And how are they going o know who has bitcoins.