Goldtent TA Paradise

Here come regulations for cryptocurrencies

1. Marcusjames says:

   January 22, 2021 - 4:33 pm at 4:33 pm

   Money outside the system has little chance of surviving. The government acts in its own interest, not in the interest of those they rule.

   • Highroller says:

     January 22, 2021 - 6:10 pm at 6:10 pm

     she is also thinking about this:

     Senator Wyden has proposed taxing the asset each year regardless of whether or not it has been sold, based on a subjective assessment of how much value it has gained. The problems here are almost as severe as the problems with getting a wind-powered ride across the Pacific Ocean in the Green New Deal.

     Crypto advocates today said they were stunned by one of the many comments Yellen made during her hearing Tuesday before the Senate’s Finance Committee.

     Per Reuters, the nominee “raised eyebrows of some senators and Wall Street when she said that Treasury would consider the possibility of taxing unrealized capital gains – through a “mark-to-market” mechanism – as well as other approaches to boost revenues.”

2. TimH says:

   January 23, 2021 - 10:03 am at 10:03 am

   Criminals and money laundering! “Dark money” This is the same excuse Modi, the prime minister of India used to justify forcing everyone to exchange their old money for newly made bills. In the end, wonder of wonders, almost all the money in circulation was exchanged showing that there never was a huge stash of “dark money” out there in the hands of criminals. But he knew that anyhow. It was just an excuse and it worked.

   They fear a currency they can’t control. All they can do is scare people away from it because… they can’t control it!

3. Marcusjames says:

   January 23, 2021 - 11:36 am at 11:36 am

   Taxing unrealized gains is about as insane as it gets. The stock market would be destroyed. And yet, the Great Reset requires most everyone to be financially destitute in order for it to work. Buckle up. We’re in for a bumpy ride.