The Boring-ification of the Crypto Narrative
The Breakdown
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The Ugly Principle of Cryptocurrency
Italy could try to control purchase and sale of GBU coin, but since crypto allows pseudonymous global peer-to-peer transactions, enforcement would be difficult. Managing capital flows is terrible economics; there's no way to enforce rules on crypto without destroying its advantages. Fourth IMF blog point: Tax policies should ensure unambiguous treatment of crypto assets,. Administrators should strengthen compliance efforts.
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