Post
Topic
Board Bitcoin Discussion
Re: Is the US Government Trying To Control Crypto?
by
kryptqnick
on 11/09/2019, 18:14:37 UTC
Binance just announced that their US platform would be ready in weeks. The question is, what's on the mind of the American government concerning crypto. Isn't it possible they're trying to control it like the USD? https://www.cryptoinfowatch.com/binance-us-ready-for-launch-in-weeks/
They cannot control it like the USD, because the latter was their creation and is fiat (meant to be controlled by the government/central bank), whereas the former is a new independent form of money. The article is about a stronger KYC procedure. So the US government wants to know who uses Bitcoin in their country and thus be able to track the transaction, partially knowing the real people behind them. But it's more about Bitcoin used by the US citizens, they probably don't care about anything that does not concern their country.