You are viewing a single comment's thread from:

RE: Governments Looking at Regulating Digital Currencies

in #bitcoin7 years ago (edited)

Though it’s easy to see why governments would want to regulate the movement of digital currencies, the reality of doing so is much harder. A lot of wallets have no identification to them and rest on a server in a third party country.

This will be the crucial point. I am all in favor for the regulation of ICOs because that is probably the biggest area where scams happen and that is not good for the further development of the market. But I fear that governments will insist that all wallets have known owners. In combination with all transaction being open to the public eye, this will lead directly into the global finance prison. I think, this is a very relevant scenario but strangely no-one has that on the radar.

I will follow you now.