Why is Bitcoin not Crackdowned (Why is Bitcoin not Government Recognized)?
Why is Bitcoin not Crackdowned? Why is Bitcoin not Crackdowned?On January 6, 201
Why is Bitcoin not Crackdowned? Why is Bitcoin not Crackdowned?
On January 6, 2018, a report in The New York Times claimed that the US government does not impose capital gains tax on cryptocurrency transactions. According to these regulations, “any company related to cryptocurrency or digital assets is not regulated.” Additionally, they also suggest that “if a company wants to sell its securities to an unregulated market, it needs to comply with anti-money laundering laws.” While some businesses hope to benefit from the cryptocurrency market, many investors still put their funds into it due to the distrust of regulatory agencies and lack of supervision.
Why is Bitcoin not Government Recognized
According to bitcoinist, the US government does not have as positive a view of Bitcoin as other countries. They consider Bitcoin as a medium of exchange rather than a currency and payment system. Due to the complexity of encryption technology, its value may be underestimated, making Bitcoin unsuitable as an investment instrument.
Why is this? Because the issuance of Bitcoin is recorded through blockchain technology. However, most people still want to use it to purchase goods and services because there is no central authority or organization that can control their financial situation.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/24544/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
Introduction
According to reports, Lookonchain monitoring shows that in the past week, out of 23 giant whales with over 1 million ARBs, 3 locations sold approximately 22.8 million ARBs (approxi
-
Japan Coordinating with Group of Seven Countries to Regulate Cryptocurrencies
It is reported that Japan plans to coordinate with the Group of Seven countries on the issue of regulating cryptocurrencies and make it a topic of discussion at the Hiroshima Summi
-
#MAVERICK PROTOCOL: INTRODUCING DECENTRALIZED ENCRYPTION DERIVATIVE PROTOCOL
On April 18th, it was announced that the decentralized encryption derivative protocol Maverick Protocol has officially launched the zkSync Era main network. Maverick Protocol has p
-
Hungred Finance (HND) Falls Nearly 50% After Optimism Hack
On April 16th, according to CoinGecko market data, Hungred Finance (HND) fell to $0.022 and is now quoting $0.0220632, a 24-hour decline of 49.9%. Previously, it was reported that
-
FTX reveals $4.8bn assets and $11.6bn claims in Delaware bankruptcy filing
According to reports, in a document submitted to the Delaware Bankruptcy Court on March 17th, the FTX debtor submitted a report on its Statement of Financial Position (SOFA) to the unsecured creditor committee, which also detailed the company’s assets and claims. According to the filing, the West Real Shires Group – including FTX US, Ledger X, FTX.com, Alameda Research, and FTX Ventures – has approximately $4.8 billion in assets and $11.6 billion in scheduled claims, but many crypto assets are “undetermined” and there is “limited information” about cryptocurrency donations. FTX debtors reported a claim of $11.6 billion and assets of $4.8 billion Analysis based on this information:The recent Delaware Bankruptcy Court filing by FTX’s debtor has revealed some key financial information pertaining to the company’s assets and claims. According to the report submitted on March 17th, FTX’s Statement of Financial Position (SOFA) shows that the West Real Shires Group – which comprises FTX US, Ledger X, FTX.com, Alameda Research, and…
-
Unlocking of Cryptocurrency Tokens this Week: RONs, YGGs, and GALs
According to reports, according to Token. Unlocks data, the following tokens are about to be unlocked this week (April 24th to April 30th). Among them, at 08:00:00 on April 27th, 4
-
Insider Trading Charges: Former Coinbase Product Manager Ishan Wahi Seeks No More Than 10 Months of Imprisonment
On April 26th, according to court documents submitted by lawyer Ishan Wahi, former product manager of Coinbase, the lawyer requested that the sentence for Ishan Wahi\’s insider trad
-
What programming languages are used for blockchain development? (What languages are commonly used for blockchain development?)
What programming languages are used for blockchain development? According to Coi
-
When will the bearish trend end (what does bearish mean?)
When will the bearish trend end? When will the bearish trend end?Bitcoin has not
-
ETH 2.0: Understanding the Latest Developments in the Crypto Market
According to reports, data shows that the total number of pledges for ETH 2.0 has exceeded 17786600, reaching 17786634, with a value of approximately $31134 million at current mark
-
Binance Reopens Deposit and Withdrawal Services of Ethereum and ERC-20 Tokens
On April 12th, according to official sources, Binance posted an article on social media stating that after considering the upgraded network of Ethereum Shanghai to be stable, Binan
-
ETH 2.0 surpasses $28 billion in pledges
According to the report, the data shows that the total number of pledges of ETH 2.0 has exceeded 16.6882 million, to 16688231, with a value of about US $28.04 …
-
What are the new blockchain projects in 2020?
In 2020, there are opportunities for the development of blockchain. In this proc
-
Exploitation of 0VIX Protocol: How Attackers Hiked vGHST Prices
According to reports, Arkham monitoring found that the Polygon ecosystem project 0VIX Protocol has been exploited by attackers to raise vGHST prices and borrow a large amount of do
-
Former Acting Director of the OCC Joins HBAR Foundation
It is reported that Brian Brooks, the former acting director of the United States Office of the Comptroller of the Currency (OCC), has joined the HBAR Foundati…
-
Decentralized Domain Name Platform SPACE ID Reaches 1 Million Registrations
On April 19th, as of 21:00 Beijing time on April 19th, the total registration volume of. bnb and. arb domains under the decentralized domain name platform SPACE ID has exceeded 1 m