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persolb t1_ixrdfuu wrote

Reply to comment by cachemonet0x0cf6619 in Reuters: Global regulators to target crypto platforms after FTX crash by Globalist2

I’m not sure why you are on about taxes. Money launderers usually pay taxes on the money.

What I mean is that when you go to deposit money/coins in an exchange, they are going to likely end up filling out the same forms and doing the same reporting as if you walked up to a bank with $30k in cash.

Cash and gold are also a ‘global peer to peer network with multiple points of entry’, and the government forces companies to gate keep their entries.

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cachemonet0x0cf6619 t1_ixrh24u wrote

Entries are kept by default on a public ledger. I also want to add that cash and gold are very centralized. Gold much less but it's not a viable means for exchanging value and it's hard to come by

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