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Criminalizing Bitcoin Users? US Congress Holds Hearing to ‘Modernize’ AML Laws

16 pointsby seomintover 7 years ago

1 comment

tryingagainbroover 7 years ago
I think the headline is right. Any bitcoin owners best transfer to me whatever they have, just in case.<p>In all seriousness: The govt wants its taxes. We&#x27;re talking HUNDREDS of billions now in coin value, not millions. Sure they are traceable, but at what cost? They can&#x27;t pay $100K in fees to run blockchain audits to see if what you declared was correct or not...<p>USA has made virtually every bank in the world spend gazillions to report every account opened by a US person, Bitcoin is probably a walk in the park compared to that.
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