The US government simultaneously treats cryptos as an asset (according to the IRS) and as money (Treasury considers them to be an informal value transfer system), which means that they are taxed like assets and regulated like money. This insanity is extended to any and all businesses that provide services to US citizens and permanent residents (basically anyone with tax liability in the US) through FATCA, which requires foreign banks to report the holdings of all US persons. So, since cryptos are assets, they would need to report them or risk getting into trouble with the US government. So, it's just much easier to tell Americans to stay away. I was just complaining about this in my own post here: https://steemit.com/estonia/@jscottdavis28/how-i-started-my-business-in-estonia
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Thanks for weighing in on this very important issue! I appreciate your insights and will try to check your link out later, too,
The system is not always so pleasant, to put it nicely. Hope you have a good day, my friend!