Regulations Not Working?
Do you think it is true, that right now with the governments, banks “powers that be” in attempt to Gain control of BTC and other cryptos.
They are trying to put into regulations etc. Yet there are troubles to making the cryptos as “securities”
With all the lawsuits “they “ try to put onto the crypto companies. Has not worked in the “favour” of the powers that be?
Is this true?
Does this prove that the blockchain tech is a success?
That BTC could work as a money system for the people and help people to devalue FIAT currency?
You don’t get to win all the wars eventually, you win some and you lose some. Obviously, what is projected is the fact that, it can’t be properly taxed and not all users of Bitcoin or cryptocurrencies use it for the right reasons. Some use it for illegal purposes but, the government chose to tie this not to the poeple themselves but to Bitcoin or cryptocurrency as a whole.
Given the deductions that could come out of cases like this when brought up, your sure to be guilty of some charges.
Still, I can’t say the government are winning. Where they could win is having to change the mind of Bitcoin or cryptocurrency users towards the innovation but, this is far from being achieved. They are finding loopholes eventually and these loopholes are continually been filled with new services and means to privacy/security in the space.