back to article US authorities call on cryptocoin 'exchanges' to sign up for regulation

The United States' Securities and Exchange Commission (SEC) has again warned investors to be ever-so-careful when considering cryptocurrencies, because so-called “exchanges” for the assets fit all the definitions of a subject—to-regulation exchange other than having signed up for that regulation. In a March 7th public …

  1. Anonymous Coward
    Anonymous Coward

    Cryptocurrencies and ICO's

    Mainly Pump-and-Dump and Ponzi schemes, best avoided.

  2. Anonymous Coward
    Anonymous Coward

    Perfect mechanism for money laundering and tax avoidance

    I can see why cryptocurrencies are so popular: they have no traceable owner or origin. This also makes the distaste of governments very logical: it's very hard to raise tax on it.

    1. amanfromMars 1 Silver badge

      Re: Perfect mechanism for money laundering and tax avoidance

      I can see why cryptocurrencies are so popular: they have no traceable owner or origin. This also makes the distaste of governments very logical: it's very hard to raise tax on it. ... Anonymous Coward

      You might like to reconsider the veracity of the first part of that comment, AC, for there has never been a non-traceability component to origin of ownership? ..... https://www.technologyreview.com/s/608716/bitcoin-transactions-arent-as-anonymous-as-everyone-hoped/

      As for the second part, well yes, it is rather distasteful of governments, isn't it ..... but par for their courses in/with sub-prime intelligence sources.

      Surely government is the perfect mechanism for money laundering and tax avoidance as it seeks to control and extract a price from their services allowing it? And, knowingly spending money you don't have and proposing charging repayment to future generations and systems, creating increasing debt and operating with deficits, is tantamount to being responsible for drivering an imperfect mechanism for money laundering and tax avoidance?

      Or is that view not right and government be wronged?

      1. Anonymous Coward
        Anonymous Coward

        Re: Perfect mechanism for money laundering and tax avoidance

        BitCoin is only one of thousands of crypto coins.

        Many, like Monero for example, are completely untraceable.

        1. Anonymous Coward
          Anonymous Coward

          Many are completely untraceable

          especially when crooks hosting currency exchanges up sticks and do a runner.

  3. Sam Haine

    Blockchain news

    "The Reg hears near-constant news of its adoption for serious work by reputable companies."

    Now that would be interesting.

    Hacker Noon: Ten years in, nobody has come up with a use for blockchain

  4. onefang
    Paris Hilton

    "hosing down celebrities like Paris Hilton"

    Pics or it didn't happen.

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