Nov. 30, 2016: US Department of Justice Authorizes Cryptocurrency Crack-down

in #bitshares8 years ago (edited)

We all knew it would be just a matter of time. IRS now has legal authority to rip apart cryptocurrency transactions.

Head's-up, people.


https://www.justice.gov/opa/pr/court-authorizes-service-john-doe-summons-seeking-identities-us-taxpayers-who-have-used


FYI: Top 3 Untraceable Cryptocurrencies: Monero, Dash, Zcash. 

@steemike

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We will start buying p2p. in the future things will be too decentralized. The govt better adapt.

Absolutely. The writing is on the wall, and it can be seen everyday with the crypto inching within an arms-reach away from Gov. Some Govs are def. more progressive than others, it really depends on the political climate within each country.

I starting to notice a positive trend towards the dollar. Trump presidency might have hurted the crypto community a bit. I could be wrong. Hopefully Peter thiel can lend us a hand, lol hopefully

That's good to hear.

I guess the other silver lining, is that the government is recognizing cryptocurrency as legitimate money.

Thanks for the information! This is another big topic that can shape the future of real money in a big way. In the IRS vs. Crypto/Real Money fight, I back the decentralized or hard money all day everyday.