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RE: Why U.S Restrictions on ICOs and Exchanges Is Likely

in #cryptocurrency6 years ago

A great reminder for [crypto market] participants that "The Authorities" do not know how to accommodate the paradigm shift of bitcoin, block chain, AI, even Anarcho-capitalism.

I use the term - accommodate - advisedly, as IMHO ultimately this will be the end result. This may take many years; perhaps much turmoil will ensue; maybe revolution is a suitable descriptor?

History is in the making.

Worldwide, anecdotal evidence suggests "Authorities" initial response is to:- prohibit ICO's, shut down exchanges and enforce KYC rules ostensibly to protect the public.

Of course, the hidden agenda may well be digital control, surveillance, and to prevent loss of tax revenue that the modern State must have to prop up debt based fiat regimes.

Indeed, a great time to be a participant and observer.