US Government’s Secret Bitcoin Agenda Revealed

US Government’s Stance on Bitcoin

The United States government has taken a mixed stance on Bitcoin and other cryptocurrencies. While it has not officially recognized Bitcoin as legal tender, it has also not declared it illegal.

US Government's Secret Bitcoin Agenda Revealed

In 2013, the Financial Crimes Enforcement Network (FinCEN) issued guidance stating that Bitcoin and other virtual currencies are considered “money” and are subject to the same regulations as traditional financial instruments. This means that Bitcoin exchanges and businesses must register with FinCEN and comply with anti-money laundering and know-your-customer (KYC) regulations.

In 2014, the Internal Revenue Service (IRS) issued guidance stating that Bitcoin is considered property for tax purposes. This means that Bitcoin holdings are subject to capital gains tax when sold, and miners must pay income tax on their earnings.

In 2015, the Securities and Exchange Commission (SEC) issued a report stating that certain Bitcoin-related investments could be considered securities and subject to SEC regulations. This has led to increased scrutiny of Bitcoin exchanges and initial coin offerings (ICOs).

Despite these regulations, the US government has not taken any major enforcement actions against Bitcoin users or businesses. This has led some to argue that the government is taking a “wait-and-see” approach to Bitcoin, while others believe that the government is simply struggling to keep up with the rapidly evolving cryptocurrency landscape.

In recent years, the US government has taken a more active approach to cryptocurrencies. In 2017, the Department of Justice (DOJ) announced the creation of the National Cryptocurrency Enforcement Team to investigate and prosecute cryptocurrency-related crimes. The SEC has also stepped up its enforcement actions against ICOs and other cryptocurrency-related investments.

It remains to be seen how the US government will ultimately regulate Bitcoin and other cryptocurrencies. However, it is clear that the government is paying close attention to this new and rapidly evolving technology.

原创文章,作者:Kevin,如若转载,请注明出处:https://feifeihe.com/7939.html

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