why bitcoin shouldn’t be legal

Last Updated on January 30, 2023 by Paganoto

Five Reasons Why The Government Does Not Like Bitcoin

Five Reasons Why The Government Does Not Like Bitcoin

With the inception of bitcoin, the government loses control over the currency system due to decentralization. As bitcoin's underlying technology does not allow any central authority for any transaction, the government cannot regulate the monetary policy and loses its power. Thus, some economies do not like bitcoin.

Bitcoin Has a Regulation Problem – Investopedia

Bitcoin Has a Regulation Problem – Investopedia

Regulation of bitcoin varies on both the state and federal level. The IRS treats cryptocurrency as property, while the CFTC considers it a commodity. Many …

Is Bitcoin legal? A glimpse of BTC's regulatory environment

Is Bitcoin legal? A glimpse of BTC's regulatory environment

It has never been “illegal” to buy and hold Bitcoin in the United States — at least, not at a federal level. So, the U.S. is among such countries where Bitcoin …

The Challenges of Regulating Cryptocurrency | The New Yorker

The Challenges of Regulating Cryptocurrency | The New Yorker

The S.E.C. has yet to set clear rules on cryptocurrencies, leaving the industry guessing. Maybe that’s just how the agency wants it.

The IMF warns cryptocurrency is not suitable as legal tender

The IMF warns cryptocurrency is not suitable as legal tender

The IMF said some countries may be tempted by the “shortcut” of making crypto legal tender to foster cheaper and more inclusive financial …

Crypto Regulation Is Actually a Good Thing for Investors …

Crypto Regulation Is Actually a Good Thing for Investors …

“Most of the trading that goes on in the crypto world today is not regulated by any federal authority, and that’s a big gap,” says Massad. “ …

Should You Buy Things With Crypto? Here's Why You Shouldn't

Should You Buy Things With Crypto? Here's Why You Shouldn't

Cryptocurrency markets are notoriously volatile, and the price you pay for an item today may not be what your purchase is worth tomorrow. Plus, …

Philosophically, It Doesn't Matter Whether Cryptos Are Securities

Philosophically, It Doesn't Matter Whether Cryptos Are Securities

It only matters practically because investors, institutional and individual, need to play by the SEC’s rules. Otherwise, they go to jail or get …

Why Regulating Bitcoin Won't Work – CoinDesk

Why Regulating Bitcoin Won't Work – CoinDesk

So, regulation would simply be driving the creation of another black market, while denying the substantial benefits of cryptocurrency to law- …

Why Outlawing Cryptocurrency Purchases is a Terrible Idea

Why Outlawing Cryptocurrency Purchases is a Terrible Idea

The fact that a technology could be used to violate the law does not mean we should ban it. Notably, criminals have long used cash—which, like …