{"id":95696,"date":"2026-09-16T07:23:40","date_gmt":"2026-09-16T06:23:40","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=95696"},"modified":"2026-09-16T07:23:40","modified_gmt":"2026-09-16T06:23:40","slug":"no-to-crypto","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2026\/09\/16\/no-to-crypto\/","title":{"rendered":"No to Crypto"},"content":{"rendered":"<p>Robert Reich <a href=\"https:\/\/robertreich.substack.com\/p\/no-to-crypto-ce3?utm_source=post-email-title&amp;publication_id=365422&amp;post_id=215707216&amp;utm_campaign=email-post-title&amp;isFreemail=false&amp;r=3862y&amp;triedRedirect=true&amp;utm_medium=email\" target=\"_blank\" rel=\"noopener\">wrote this on his Substack<\/a> a couple of days ago:<\/p>\n<blockquote><p>There\u2019s simply no\u00a0<em>legitimate\u00a0<\/em>use for crypto. Its only practical uses are tax evasion, money laundering, fraud, speculation, and crime.<\/p><\/blockquote>\n<p>I know some claim otherwise, but I hardly see avoiding regulation and transparency as justification for any financial transaction mechanism.<\/p>\n<p>So, three questions.<\/p>\n<p>First, why do we even permit crypto trading?<\/p>\n<p>Second, why isn't this activity better regulated?<\/p>\n<p>Third, why do we permit any crypto-related funds to go anywhere near politics?<\/p>\n<p>Please read these observations in the context of <a href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2026\/09\/16\/bitcoin-has-an-accounting-problem-which-suggests-it-isnt-money\/\" target=\"_blank\" rel=\"noopener\">my other article on cryptocurrency<\/a> this morning.<\/p>\n<p>And then please send answers on the back of a Bitcoin to the usual address.<\/p>\n<p>And just to be clear, that last comment is a joke.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Robert Reich wrote this on his Substack a couple of days ago: There\u2019s simply no\u00a0legitimate\u00a0use for crypto. Its only practical uses are tax evasion, money<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2026\/09\/16\/no-to-crypto\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[70,14,204,16,147,118,224,106,223,65,10,55,32,97],"tags":[],"class_list":["post-95696","post","type-post","status-publish","format-standard","hentry","category-banking","category-corruption","category-economic-justice","category-ethics","category-inequality","category-labour","category-neoliberalism","category-politics","category-politics-of-care","category-regulation","category-tax-avoidance","category-tax-evasion","category-tax-havens","category-tax-justice"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/95696","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=95696"}],"version-history":[{"count":3,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/95696\/revisions"}],"predecessor-version":[{"id":95740,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/95696\/revisions\/95740"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=95696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=95696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=95696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}