RE: Using Monero to get clean Bitcoin

1 Min Read
195 words

You think they will classify this as a felony in the near or distant future?

I think they will try.

But it's one of those things where new tech has already far outgrown financial regulations in the legacy system.

Governments can call it a felony, but the tech is already there to so easily circumvent whatever rules that are eventually put in place.

How will they go after every little guy?

Surely there will be some landmark court cases where they simply won't be able to prove who owns what and then the cat will really be out of the bag.

In saying this however, haven't the Panama and Pandora Papers highlighted how the smart/rich already do this using offshore accounts?

If you don't want to pay your full tax bill (and are rich enough to pay someone to do it for you), then there are already ways without Monero.

Monero will just open up those possibilities to the little guy.

In my opinion, it's the rules around income tax that need to change in order to keep up with the realities of both tech and our interconnected, globalised world.

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