Quote:
Originally Posted by Fuzz
They may be able to trace wallet ownership, depending on how that wallet has interacted with real financial institutions. Are there ways fo doing it to totally anonymous? Sure. But the likely hood of that happening in these situations is small. It also really limits how your wallet can be used, and all it takes is one transaction done in the open to blow it. The beauty of cryptocurrency is also an achilles heel, it is all logged and tracked forever. The other drawback is there is no central authority to have grievances resolved. When someone steals your crypto, it's gone. And it happens all the time.
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Yup, and obviously there is a lot of sketchy stuff happening with crypto all the time.
However for most people, operating within the regulatory guidelines, crypto is nothing more than something they invest in and make money from. Just like stocks. Therefore the government will be inclined to work with it because they can make a lot of tax revenue.