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RE: The Crypto Markets are a Blood Bath ATM. A lot of FUD Happening.
Great post and I agree a ban is not on the cards. Governments want 3 things (which should be obvious).
- No anonymous purchases of crypto using fiat (which is what the current South Korea raids were about)
- Transparency into users trades on exchanges (similar to the IRS/Coinbase thing that happened months ago)
- A clamp down on "privacy coins" that can be used as tax havens (hasn't yet happened but the targeting will take place although they will have the hardest time with this one of the 3).
Death and taxes my friend, death and taxes. Cryptos will be allowed to thrive BUT the governments will make sure they are getting their "cut" along the way.
Crypto can't be stopped. But yes I would agree, governments want their cut. The great thing is the more they are trying to make things difficult, the more it shows the value of crypto. If crypto was going to fail, they wouldn't be trying to go after it like this.