Bitcoin Q&A: Regulation and the bank boycott

In 2014, you told the Canadian Senate to hold off on regulating cryptocurrencies for five years. What would you say to them now and do you see any new restrictions or regulations regarding bitcoin coming in the next 6 months? How would the Cryptocurrency Tax Fairness Act (HR-3708) affect capital gains reporting? Most regulations in the next six months will probably focus on ICOs and whether they fall under securities law. Custodial services which hold money on behalf of others may also face more scrutiny on a state-by-state basis in the United States. I don't believe in KYC/AML regulations. More and more interactions will move to decentralised exchanges; destroying the on- and off-ramps will just encourage people to stay in the cryptocurrency economy. Boycotting a technology or industry that is rapidly evolving is not a good idea.

https://coincenter.org/link/the-cryptocurrency-tax-fairness-act-was-offered-as-amendment-to-the-house-tax-reform-bill-last-night-in-congress

My testimony to the Canadian Senate: https://youtu.be/GP_eT6E4os8

The first question is from the patron-only live Q&A which took place on November 27th 2017. The second question is from the patron-only live Q&A which took place on January 27th 2018. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: https://www.patreon.com/aantonop

RELATED:
Bitcoin, Payment Security, and Consumer Protection - https://youtu.be/qMkGfB8X58o
Money as a System-of-Control - https://youtu.be/FyK4P7ZdOK8
Worse Than Useless: Financial Surveillance - https://youtu.be/n4F-h4xuXMk
Blockchain vs. Bullshit - https://youtu.be/SMEOKDVXlUo
Fake News, Fake Money - https://youtu.be/i_wOEL6dprg
Bitcoin and the Banks - Five Stages of Grief - https://youtu.be/43Ucj6_Erb0
The Currency Wars and Bitcoin's Neutrality - https://youtu.be/Bu5Mtvy97-4
Investing in Education Instead of Speculation - https://youtu.be/6uXAbJQoZlE
Hot vs. cold wallets - https://youtu.be/Aji_E9sw0AE
How do I choose a wallet? - https://youtu.be/tN6b62sEpsY
Decentralized exchanges and counterparty risk - https://youtu.be/hi_jaw0dT9M
Atomic swaps - https://youtu.be/fNFBA2UmUmg
My response to Jamie Dimon - https://youtu.be/1dEcdGc0tIo
Why developers are leaving banks - https://youtu.be/GqOZ4IAQ-xQ
Borderless money - https://youtu.be/EZh1-ZqffOw
Alternatives to centralised exchanges - https://youtu.be/3jmeJjhH84s
HODLing and the "get free" scheme - https://youtu.be/MhOwmsW1YNI
Could governments take over exchanges? - https://youtu.be/9PrJQeKl9w4
CME Bitcoin Reference Rate - https://youtu.be/RVwNMI0NWT0
Futures markets - https://youtu.be/vGz22l1FZEM
Coinbase vs. the IRS - https://youtu.be/YQJk-5ZYmoM
Decentralized power, leaderless governance -https://youtu.be/E5VbDlQTPzU
The revolution in trust - https://youtu.be/iWfpxB3HZOY
Separation of money and state - https://youtu.be/jGmtRA9S7_Y
Price volatility, pegging, stability - https://youtu.be/9KPyflyHP6s
Wealth distribution statistics - https://youtu.be/X2Qsz4eaSPY
From barter to abstract money - https://youtu.be/KYsppZoHguQ
Initial coin offerings (ICOs) - https://youtu.be/Q5R8KuxV4A0
The token ICO explosion - https://youtu.be/vdaW8NtJXuQ
ICOs and financial regulation - https://youtu.be/Plu_WX3Gs8E
ICOs and responsible investment - https://youtu.be/C8UdbvrWyvg
ICOs, disruption, and self-regulation - https://youtu.be/yfjgcI8xX3A
ICOs and pyramid schemes - https://youtu.be/8HYWWP1QU7Q
Scams, gambling, and regulation https://youtu.be/fTI88YrN1UE
Ethereum, ICOs, and Rocket Science - https://youtu.be/OWI5-AVndgk

Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin.

Follow on Twitter: @aantonop https://twitter.com/aantonop
Website: https://antonopoulos.com/

He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.

THE INTERNET OF MONEY, v1: https://www.amazon.co.uk/Internet-Money-collection-Andreas-Antonopoulos/dp/1537000454/ref=asap_bc?ie=UTF8

[NEW] THE INTERNET OF MONEY, v2: https://www.amazon.com/Internet-Money-Andreas-M-Antonopoulos/dp/194791006X/ref=asap_bc?ie=UTF8

MASTERING BITCOIN: https://www.amazon.co.uk/Mastering-Bitcoin-Unlocking-Digital-Cryptocurrencies/dp/1449374042

[NEW] MASTERING BITCOIN, 2nd Edition: https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388

Subscribe to the channel to learn more about Bitcoin & open blockchains!

Music: "Unbounded" by Orfan (https://www.facebook.com/Orfan/)
Outro Graphics: Phneep (http://www.phneep.com/)
Outro Art: Rock Barcellos (http://www.rockincomics.com.br/)