crypto is going to give Governments unheard of information on...

  1. 5,923 Posts.
    lightbulb Created with Sketch. 50
    crypto is going to give Governments unheard of information on everyone. Blockchain is a truth ledger..... it cannot be altered. the information stored on a blockchain is permanent and a criminals nightmare. Everything and I mean everything with be recorded on a blockchain, and using algorithms that show up anomalies in transactions / traffic and the Gov will investigate. As soon as a crypto is cashed in........... the Gov will want to know there that crypto came form......how did you acquire it to be able to cash it in. couple that with the fact that many cryptos have a set amount ( BTC 21MILLION, XRP 100BILLION) Governments will know where every token is and who owns it. You have to declare now each year what cryptos you own. nothing will be hidden from Gov eyes.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.