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RE: Shapeshift Pulling out of Washington State Due to New Regulations

in #bitcoin7 years ago

That would probably be the best move. We have already seen the US trying to be the world's police by taking BTC-E offline despite the fact it is a foreign exchange.

It seems like the US would want to keep holding onto this fiat system as they benefit from it the most compared to the rest of the world whereas Russia is now becoming more supportive of blockchain.

It seems like Russia is going to be the first to be prosperous with blockchain technology while the rest of the world will try to catch up when the fiat system starts to deteriorate which we are already seeing with money being pulled out of the stock exchange and the depreciating weakening dollar.

I guess the worst thing is that US consumers are going to suffer as we have already seen BTC-E, Bitfinex and other services stopping the use of USD to buy crypto and prohibiting US users from using their sites.

Let's see how long the US can hold on to their failing system while other countries will start to prosper from the blockchain @thecryptofiend

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I guess the worst thing is that US consumers are going to suffer as we have already seen BTC-E, Bitfinex and other services stopping the use of USD to buy crypto and prohibiting US users from using their sites.

Exactly and that is always the way it seems when there are powerful interests at work.