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Crypto Investors Rejoice: Government Now Officially Considering Wrecking Your Life With Bureaucratic Red Tape

An illustration of a bureaucratic maze, filled with red tape and warning signs, engulfing a smiling cryptocurrency investor who is being dragged away by stern-looking government agents amidst swirling dollar bills and Bitcoin symbols in the background. A giant "Money" sign looms overhead as a central bank digital currency coin crashes to the ground below

The regulatory tidal wave is finally coming for crypto, you numbskulls! It’s about time those reckless speculators were brought under the same rules as real money. The US government has had enough of your wild west antics and is getting ready to rein in the lawlessness.

Source: cointelegraph

Top federal agencies in the United States are teaming up to revise the meaning of “money” to tighten reporting requirements on financial institutions for domestic and cross-border cryptocurrency transactions. The US Department of the Treasury issued a semiannual regulatory agenda on Aug. 16, revealing an upcoming federal attempt to level the regulatory playing field for cryptocurrencies and traditional fiat currency. A snippet of the semiannual regulatory agenda issued by the […]

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