Convert it into Euros. Or Yen. Or Yuan.
Like the Treasury/Dept of Commerce & others did with North Korean backed Tornado Cash. Some very quickly retrieved/not well researched (caveat reader) search links; https://home.treasury.gov/news/press-releases/jy0916 https://www.paulhastings.com/insights/crypto-policy-tracker/...
They could also make it illegal for any US financial institution to do business with any financial institution that interacts with crypto.
They could probably also make it a crime to buy/sell crypto in America.
Its also trivial to turn your crypto into yuan and your yuan into $. So I'm not sure such a ban would be even remotely effective.
This comment chain starts with "Maybe after the mobster losers in the white House finally get kicked out we can just ban this thing forever."
In America? KYC would suffice.
> In America?
No.
If the Dems don't win the Senate, nothing will change until maybe February 2029 but pretty sure the same people that gave him this power of insanity are just going to vote for the next nightmare, there's no lesson learned, not even with $5 gas and $6 diesel
I don't even think a full blown recession would change anything
And now they are bringing the warships back to Cuba so get ready for next distraction from this distraction from the other distraction while they crime-spree away
Whatever is going to happen over the next 24 months is already in motion. All we can do now is prepare. And maybe get a little less squeamish.
I don't give a f--k about Bitcoin but I wouldn't want governments to start banning it.
Because then why not ban VPN forever too? And require a digital ID for anyone going on to the Internet?
And why not also mandate cameras operated by the state in every room of your apartment/house to make sure you behave?
And backdoor in every cryptographic protocol.
I mean why stop at banning Bitcoin komrade?
BTW the EU is thinking about creating an EU-wide registry of every single asset owned by every single EU citizen, down to every gold coin (oh btw maybe we should ban individuals owning gold coins too?), every jewel, every painting, sculpture, old car, watch, pokemand and Magic the Gathering card: they literally have a plan to make an inventory of every single asset. When asked, by a member of the EU parliament I think, if they could promise this would never be used as a basis for confiscation the EU Commission answered they couldn't promise that.
Where do you draw the line? Is there one point at which you start saying that freedom shouldn't be taken away?
The best place to start this would be with the offshore tax havens.