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A comment on Infrastructure bill cryptocurrency surveillance provision is a privacy disaster. Parent comment

Re:Infrastructure bill cryptocurrency surveillance provision... by davidcbc on Tuesday August 03, 2021 @09:15AM (#28048733)
> Have you considered the possibility that existing regulation is one of the barriers to use of cryptocurrencies?

Cryptocurrency has been largely unregulated since its inception and it's almost exclusively used for speculation and criminal activity. The barrier to use of cryptocurrency is that it provides nothing of value outside of those use cases, not regulation.

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Re:Infrastructure bill cryptocurrency surveillance provision... by aww_dang on Tuesday August 03, 2021 @09:55AM (#28049204)
Look at the regulations already imposed on exchanges. Consider the legal and tax liabilities businesses take on by involving themselves with cryptocurrencies. Some nations have outright banned exchange of their national currency for cryptocurrency.

If cryptocurrencies were not burdened by regulations, there wouldn't be the same informal market for person to person, cash to cryptocurrency transactions.

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