Cryptocurrency: Regulators Busy With Stablecoin CBDC Tax Insurance and Enforcement Team

[jim bell]

On Fri, Oct 8, 2021 at 1:52 PM, grarpamp

<grarpamp at gmail.com> wrote:
Deputy Attorney General Lisa O. Monaco Announces National Cryptocurrency Enforcement Team  
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Deputy Attorney General Lisa O. Monaco Announces National Cryptocurrency Enforcement Team
 
Deputy Attorney General Lisa O. Monaco announced today the creation of a National Cryptocurrency Enforcement Team (NCET), to tackle complex investigations and prosecutions of criminal misuses of cryptocurrency, particularly crimes committed by virtua
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Jim Bell's note:
As I understand it, the 'market capitalization' of Bitcoin, alone, is around $1 trillion. The value of those Bitcoins, especially in the US where they are taxed, would be substantially higher if they were freed of threat of taxation.
If Bitcoin owners adopted an AP-type system, 1% of that value, say $10 billion, could fund a series of 'forced-retirements' from government employment, easily 10,000 in number, until those government officers and employees relent, and they would announce that henceforth, Bitcoin and other cryptocurrencies would be treated as being 'tax-free'.
This would actually become cost-free, because upon its success, the value of a Bitcoin would easily rise by 10%, and thus this would far more than merely pay for the idea.
I have previously promoted AP for the benefit of supporting 'freedom', which is somewhat of an intangible benefit.  A Bitcoin or other crypto-currency owner would get a very tangible benefit if he could free his assets of taxation, forever.

 
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