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FRB: Taxation or prohibition of bitcoin as a measure to maintain the budget
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The Federal Reserve Bank of Minneapolis has published a report stating that governments will either have to tax bitcoin or ban it completely in order to maintain budget deficits. The report highlights that bitcoin creates a "balanced budget trap" by preventing governments from managing their deficits through debt. The researchers suggest two possible ways — the introduction of taxes or a legal ban on the use of cryptocurrencies.