Re:Coordination, Good and Bad
by kovek on Saturday September 12, 2020 @12:34AM
(#24449867)
I wonder if/when the government will make it cryptocurrencies more accessible and easier to use alongside “real” currencies.
[ Parent
| on HN ]
When they do, it will be government controlled and come with those pesky things like taxes, inflation, tracking etc that people celebrate cryptocurrencies for avoiding.
China has been testing a central bank digital currency (CBDC, google the term!) which has spooked many central banks in western countries. I work in this space and the attitude from government has been a 180 since China’s announcements. It’s hilarious to me that a year ago the SEC was obsessed with cracking down and now they are playing footsie with a three-year safe harbor! https://cointelegraph.com/news/sec-commissioner-cryptomom-ex...