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Date Posted: 10:35:35 07/16/19 Tue
Author: Philbond007
Subject: @President on cryptos

Comments by the President should be kept in context. It's proper for the President to expect only the national currency to be used as a means of exchange. Cryptos aren't the national currency, so why would the President promote them in that capacity?

Moreover, it's very easy for shady figures to park wealth in cryptos, that are designed for anonymity to evade seizure. Even Bitcoin can be used in that manner, although less anonymous, to the degree that it's impossible to seize that asset, even if you know who's holding it.

Unfortunately, looking forward, it seems that cryptos may become even MORE difficult to aquire, or dispose of anonymously. In other words, if your identity is known, it won't be a problem, but if it isn't, you might be sitting on a mountain of crypto wealth, but UNABLE to convert that wealth into national currency & such.

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