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RE: Japan’s FSA Clamps Down On “Privacy Coins” Like Monero, Z-Cash, and Dash

in #news7 years ago (edited)

I like your article, and appreciate the data, but did you read the information I linked to in this piece? Discouraging exchanges from exchanging these coins is already happening at the hand of governing bodies. And especially in Japan—where I am living—this sort of discouragement carries immense weight and actual practical consequence. I don’t think it’s an act of engaging in FUD, per se, to point this out. A ban is entirely possible here. And so is extreme punishment at the hands of the state.

Math cannot be banned. That’s obvious. People can be caged, and exchanges made to toe the line. That’s all
I was getting at in this write-up.

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I'm not saying that people won't be caged nor am I saying that the government isn't going to keep imposing more and more onerous rules until most people feel that it's not worth it - but the underlying code being banned isn't likely to stand up to a court challenge as it's been made into a precedent involving 1A unless it goes all the way to the Supreme Court and they rule differently - also quite unlikely.

Calling it a ban is FUD, saying that governments may try to make things difficult is not. Besides, not all jurisdictions have the same laws and there are workarounds for these sort of issues, and again, it's up to individuals if they want to take the risks.

  1. I didn’t say the coins were banned.

Besides, not all jurisdictions have the same laws and there are workarounds for these sort of issues

  1. The FSA has authority over every jurisdiction.