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Regulatory Challenges and the Future of Bitcoin
This chapter examines the potential government regulations impacting Bitcoin, focusing on reporting requirements for holders and the implications for individual tax compliance. It explores the historical context of financial governmental control and contrasts the principles of free markets with state intervention, particularly in the face of rising debt and potential hyperinflation. The discussion highlights optimistic state-level responses to federal policies and anticipates significant shifts in the financial markets, emphasizing the need for reform in governance.