Hacker News new | past | comments | ask | show | jobs | submit login

Because of FATCA and friends, essentially all financial institutions in the world now report to the US and follow its rules. If you are not a US taxpayer, and outside the US, they don't directly apply to you, but they have already affected the regulations that do apply to you.



This is literally why we need crypto


Funnily enough, I drew the opposite conclusion from grandparent's comment: To me, this is literally why the I'm-beyond-government-control crypto dream cannot work.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: