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Comment by tarsinge
The problem is what is illegal then? Numbers? Cryptography? Because nobody buy sell or own crypto technically, there just happen to be transactions on a distributed network, with some people knowing private keys to generate new transactions. It could be possible to regulate exchanges dealing with fiat, but I feel like the regulable surface area is thin. Also I hope Proof of stake take over so that a big part of these issues will be non existent in a few years.