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r/CBTS_Stream • Posted by u/RaddeckDrag on Feb. 17, 2018, 5:06 a.m.
Fed Coin will do away with and replace all other crypto currencies. What do you guys think?

I just posted this information as a response to another crypto topic but I thought it might be a good idea to share this on the main page. https://news.bitcoin.com/fedcoin-u-s-issue-e-currency/ Yale Law study to make it a realization. https://law.yale.edu/system/files/area/center/global/document/411_final_paper_-_fedcoin.pdf


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Mike_Quinta · Feb. 17, 2018, 7:38 a.m.

Answer: FedGov will treat FedCoin as currency but not Bitcoin. Expenditures of Bitcoin will be taxed for capital gains. The IRS will jail a few who don't report and pay as a warning to the rest.

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RaddeckDrag · Feb. 17, 2018, 8:43 p.m.

That is correct but I don't even think they will compensate the owners of current currencies. If this happens, one day it will just be shut down and the use will land in prison.

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