Loading ...(“What happens when IRS and counterparts freeze the assets of your crypto currency exchange?”)
“My answer would be the same for any asset class that gets “frozen”, it will simply go underground. That was easy. Hehe”
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Exactly! The only thing ‘they’ can control is the dollar end of the exchange. And BTC exchanges have been harassed and cut off from the banking system, making exchanges difficult.
But BTC is a ‘transactional’ currency and there are always willing users to exchange or barter with. I know of multiple places I can exchange BTC for gold directly… no dollars or banksters involved.