Re:EU plans to make Bitcoin transfers more traceable
by Chris2048 on Wednesday July 21, 2021 @09:19AM
(#27905848)
> society has clearly chosen transparency over privacy
No more than America has chosen the 1% over 99%; or white lives over black.
The gov says "laundering, terrorism" in the same way it says "terrorism, paedophiles" in other civil liberties cases.
Then explanation of why a government should tax its citizens is usually the fact that those citizens use that countries infrastructure to make money, so that country should take "it's" cut.
But many countries now want to tax CG on cyber currencies that has nothing to do with any of that countries infrastructure. Why should a system of value that exists entirely without the support of the EU require a payment to the EU?
> You can’t show up in a bank with a bucket load of $100 bills and open an anonymous bank account. Well you shouldn’t be able to with bitcoins either.
Why? bills are backed by the country and legal tender as a result - BTC isn't. Bank accounts, and banks themselves, are nationally regulated w/ consumer protections - BTC wallets aren't. How are these two things similar at all?
No more than America has chosen the 1% over 99%; or white lives over black.
The gov says "laundering, terrorism" in the same way it says "terrorism, paedophiles" in other civil liberties cases.
Then explanation of why a government should tax its citizens is usually the fact that those citizens use that countries infrastructure to make money, so that country should take "it's" cut.
But many countries now want to tax CG on cyber currencies that has nothing to do with any of that countries infrastructure. Why should a system of value that exists entirely without the support of the EU require a payment to the EU?
> You can’t show up in a bank with a bucket load of $100 bills and open an anonymous bank account. Well you shouldn’t be able to with bitcoins either.
Why? bills are backed by the country and legal tender as a result - BTC isn't. Bank accounts, and banks themselves, are nationally regulated w/ consumer protections - BTC wallets aren't. How are these two things similar at all?