logoalt Hacker News

mothballedyesterday at 12:22 PM1 replyview on HN

Yet the government went out its way to ban bearer shares, bearer bonds, numbered anonymous bank accounts, large denomination currency, anonymous companies, and all the other methods of anonymous banking.

Seems they were having trouble "taking it away by the justice system."

For the same reason government across the world have pressured or banned exchangers of monero.


Replies

close04yesterday at 12:47 PM

GP added the "by the justice system" where OP only said "can be taken away". Both digital and fiat currency can be taken away from you through courts, legislation, trickery, or coercion.

Crypto is surrounded by vast amounts of misinformation, misdirection, or misunderstanding. So you get these myths and generalization propagated through lack of education. "I heard crypto is completely anonymous", "I heard crypto can't be taken away from you". Then someone gets tricked out of their crypto, or uses BTC to commit some crime and gets a quick reality check.

show 1 reply