Post
Topic
Board Speculation
Merits 3 from 3 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 29/04/2024, 00:23:25 UTC
⭐ Merited by Hueristic (1) ,sirazimuth (1) ,xhomerx10 (1)
[edited out]
Block rewards don't exist until mined and as for the fees, the on-boarding with fiat is already FINCEN'd which is why there are no non-KYC exchanges dealing in US currency and also why they're seeking a jail term for ChangPeng Zhao.  Going after miners to prevent money-laundering would be a duplication of efforts and while the US gov't (or any gov't is not above wasting money and duplicating efforts it's more often than not for political rather than criminal reasons ie healthcare, education, taxation.  Anyway, there is documentation on virtual currency mining and it always points back to this document:
https://www.fincen.gov/resources/statutes-regulations/administrative-rulings/application-fincens-regulations-virtual-0
There's a phone number at the bottom philipma1057 can call directly for proper advice rather than relying on my (likely flawed) interpretation.

I am sure you understand the USA government quite well, you kanuck!!!

hahahahahaha

Of course, the USA government is an efficient machine with zero (or near zero) duplication of its efforts, just like you have described them to be.

In other words, there are no needs to worry.

They are not coming after anyone...

We're (referring to self-storing bitcoiners) all safe.  The righteous US Government officials are not going to unfairly target anyone.. ONLY targeting dee real and true wrong-doing criminals.