Government: wait... what... they have this cryptocurrency that's making people rich? How long has this been going on? How are we not able to regulate it??? Quick, let's make it illegal!
So let's take the very reason that cryptocurrency exists and then tax or regulate it because nothing can be accomplished without government oversight and involvement.. right? It's just a bill and it can tank on the hill!
Government: wait... what... they have this cryptocurrency that's making people rich? How long has this been going on? How are we not able to regulate it??? Quick, let's make it illegal!
Pretty much.
So let's take the very reason that cryptocurrency exists and then tax or regulate it because nothing can be accomplished without government oversight and involvement.. right? It's just a bill and it can tank on the hill!