Re:Binance ‘pauses’ Bitcoin withdrawals amid market collapse
by babypuncher on Monday June 13, 2022 @12:57PM
(#31728208)
I think there is a far more likely third option; the government hands down crypto regulations similar to the financial regulations put in place during the first half of the 20th century.
Re:Binance ‘pauses’ Bitcoin withdrawals amid market collapse
by jonny_eh on Monday June 13, 2022 @12:40PM
(#31727958)
> soon the government wants to bail them out
I would be genuinely shocked, and outraged, if the government bails out crypto investors. It has been common knowledge how risky that sector is.
Re:Binance ‘pauses’ Bitcoin withdrawals amid market collapse
by martin8412 on Monday June 13, 2022 @12:43PM
(#31728008)
Government might go after those selling unregulated securities, but I doubt tax money will be used to bail anyone out.
Because if enough of them hurt, soon the government wants to bail them out, and you and I pay for that bailout with taxes.
Or perhaps the government forces the platform to absorb the losses, and you and I pay for that with higher fees in the future.