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A comment on Ray Dalio: ‘Good probability’ the U.S. will outlaw Bitcoin.

Re:Ray Dalio: ‘Good probability’ the U.S. will outlaw Bitcoin by habitue on Monday March 29, 2021 @02:48PM (#26626455)
South Korea backed off from just such a ban in 2018[1], the details of which might be informative if anyone is trying to determine how likely a similar ban here might be

[1] https://www.pymnts.com/news/bitcoin-tracker/2018/south-korea...

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Re:Ray Dalio: ‘Good probability’ the U.S. will outlaw Bitcoin by syrrim on Monday March 29, 2021 @02:50PM (#26626505)
>The South Korean government has no other choice but to follow the regulatory frameworks and trends established by other leading governments

I.e. the US.

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Re:Ray Dalio: ‘Good probability’ the U.S. will outlaw Bitcoin by nuisance-bear on Monday March 29, 2021 @03:13PM (#26626823)
Greece implemented capital controls in June 2015. The United Kingdom struggled to keep them implemented in October 1979. I'd look at these episodes and the Asian Financial Crisis from 1997 as examples of the kind of thing Dalio is probably thinking about.

https://en.wikipedia.org/wiki/Capital_controls_in_Greece

https://en.wikipedia.org/wiki/Exchange_Controls_in_the_Unite...

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