Hacker News new | ask | show | jobs
by hilbertseries 1843 days ago
Ban cryptocurrency in the US. The crypto market would immediately tank. Other western companies would likely follow suit. US sanctions can be issued against exchanges, if desired. Obviously cryptocurrency could still continue in this scenario, but transferring money from USD to crypto would be much more difficult. And the value of coins would be so low and probably continuing to fall that it wouldn’t be as appealing a means of ransom.