News for hackers. Stuff that matters.

A comment on SEC Sues Binance and CEO Zhao for Breaking US Securities Rules. Parent comment

Re:SEC Sues Binance and CEO Zhao for Breaking US Securities ... by SketchySeaBeast on Monday June 05, 2023 @01:40PM (#36199969)
> Perhaps one day even my country will get with the times and allow me to pay my taxes in BTC directly instead of having to exchange it to government funnymoney first.

Something tells me your government cares more about their funnymoney than yours.

I also can't imagine a government wanting to take on the volatility of bitcoin for a tax payment. What possible compelling argument is there for them to do that?

[ Parent | on HN ]
Re:SEC Sues Binance and CEO Zhao for Breaking US Securities ... by EscapeFromNY on Monday June 05, 2023 @01:47PM (#36200096)
Right now every state that lets you pay taxes with crypto immediately converts it into USD. So the govt is not taking on any volatility risk.
[ Parent | on HN ]
Re:SEC Sues Binance and CEO Zhao for Breaking US Securities ... by mhluongo on Monday June 05, 2023 @01:52PM (#36200161)
El Salvador is a clear counter example.

I can certainly imagine why a country with a history of poorly managing their own currency (and that for whatever reason doesn't want to be aligned to USD) might choose to use a more "neutral" fixed supply currency.

[ Parent | on HN ]