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by Phlarp 1421 days ago
Enforcing it is trivial for a sovereign nation that issues it's own currency and collects taxes in that currency.

Just as we've seen; they can regulate the on/off ramps between local currency and crypto.

If you've got a method to turn meaningful amounts of BTC into USD without being subject to KYC regulations; then the US government is probably already building a federal money laundering case against it.

1 comments

Why is it still in use in China then? How are nodes and miners still operating there.

You give evil too much credit.