{"id":1750,"date":"2024-10-28T14:05:37","date_gmt":"2024-10-28T14:05:37","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=1750"},"modified":"2024-10-28T14:05:37","modified_gmt":"2024-10-28T14:05:37","slug":"is-bitcoin-a-dangerous-economic-threat-minneapolis-fed-researchers-propose-heavy-taxation-or-outright-banning-as-a-solution","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=1750","title":{"rendered":"Is Bitcoin A Dangerous Economic Threat? Minneapolis Fed Researchers Propose Heavy Taxation Or Outright Banning As A Solution"},"content":{"rendered":"<div>\n<p>The recent study from the Federal Reserve Bank of Minneapolis has stirred the pot, suggesting <a href=\"https:\/\/www.benzinga.com\/startups\/24\/10\/41434521\/tesla-quietly-transfers-765-million-in-bitcoin-putting-musks-cryptocurrency-strategy-under-intense-s\">Bitcoin <\/a>might be a thorn in the side of government fiscal policies. The researchers propose a bold solution: slap a hefty tax on Bitcoin or outright ban it.\u00a0<\/p>\n<p>According to them, Bitcoin creates serious challenges for governments, particularly when maintaining a \u201cpermanent primary deficit\u201d \u2013 a situation where government spending always exceeds its revenue without factoring in interest payments on debt.<\/p>\n<p><strong>Don&#8217;t Miss:<\/strong><\/p>\n<ul>\n<li><strong>Groundbreaking trading app with a \u2018Buy-Now-Pay-Later&#8217; feature for stocks tackles the $644 billion margin lending market \u2013<a href=\"https:\/\/www.benzinga.com\/money\/wolfpack\"><strong> <\/strong><strong>here\u2019s how to get equity in it with just $100<\/strong><\/a><\/strong><\/li>\n<li><strong>\u2018Scrolling to UBI&#8217;: Deloitte&#8217;s #1 fastest-growing software company allows users to earn money on their phones \u2013<a href=\"https:\/\/www.benzinga.com\/money\/mode-mobile-2\"><strong> <\/strong><strong>invest today with $1,000 for just $0.25\/share<\/strong><\/a><\/strong><\/li>\n<\/ul>\n<p>In their paper, the researchers claim that Bitcoin, being a decentralized digital currency, competes with government-issued securities, making it harder for governments to manage their finances.\u00a0<\/p>\n<p>&#8220;A legal prohibition against Bitcoin can restore unique implementation of permanent primary deficits and so can a tax on Bitcoin,&#8221; &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41575813\/is-bitcoin-a-dangerous-economic-threat-minneapolis-fed-researchers-propose-heavy-taxation-\" alt=\"Is\" bitcoin a dangerous economic threat minneapolis fed researchers propose heavy taxation or outright banning as solution>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The recent study from the Federal Reserve Bank of Minneapolis has stirred the pot, suggesting Bitcoin might be a thorn in the side of government fiscal policies. The researchers propose a bold solution: slap a hefty tax on Bitcoin or outright ban it.\u00a0 According to them, Bitcoin creates serious challenges for governments, particularly when maintaining [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-1750","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1750","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1750"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1750\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}