This is now in the process! There is an evolution of currency change evolving at the present time. This is "decentralized" digital currency and don't be scared. We have been using digital currency for decades now. The only difference now is "we are in control" since Crypto Currency has taken the "third party" out of the equation. Crypto Currency is anonymous. It is extremely safe since it's set-up through 100's of 1,000's of anonymous computer servers around the world and in every country. The algorithms and hash tags are 1,000's of times greater than our government controlled banks and financial institutions. This can not be cracked or hacked. Our Governments around the world are scared and trying to stop this or control this. This is impossible as an example: would Germany let Russia see their financial data base? Would North Korea let Australia see their financial data? Would the United States let India see their financial data? NO WAY! The Governments will NEVER be able to tap into these. In fact, since our financial institutions are about to lose allot of money due to the growth and expansion of Crypto Currency, they are looking at becoming Currency Converters themselves. "If you can't beat them - join them".
The Program for Crypto Currency was placed in and around the entire world approximately in 2009. It was designed around 2004 but held back for setting up and testing. The inventor knew that once it was initialized that this cannot be reversed. The inventor "disappeared" since this, for treason in every country on the planet. Crypto Currency is solid and here to stay. It took until 2016 for the world to become familiar with it and now the conversion is non-stoppable. It's inevitable that the world currency will be dissolved and Crypto Currency will evolve. In a decade or two, there will be no physical cash. Purchases will be made with cards, computers, phones, etc. As an example: The initiation of the Euro Dollar basically tested this process, combining several currency exchanges into one. It's now time to complete this evolution with Crypto Currency.
The anonymous value of Crypto Currency is its power. You own it! The security behind the system is second to none. It has been set-up to provide protection for "money laundering" since you are only allowed to purchase small limited amounts at a time. No government has to know you have any or can find out. You purchase products and services where Crypto Currency is accepted and there are millions of products, services, companies, etc. that accept Crypto for payment. There are 1,000's of "Gift Cards" that can be funded through Crypto to allow you to purchase using Dollar Value. These are funded anonymously and used anonymously. If you are on a "controlled Income" then this works perfectly for you to be able to have the extras in life that you deserve and this balances "the rich get richer and the poor get poorer" syndrome. Your extra income is hidden.
Now you know why our Governments will fight this to the death but it's impossible to stop or intervene.
When it comes to "Cash" Crowd Funding, there is an entity of tax issues, since cash is "centralized" (the government knows and it is transferred through financial institutions. But when it comes to "Crypto Currency" there is NOT, since crypto currency is "decentralized" (we move this ourselves without the use of financial institutions or government involvement). Crypto Currency is basically "anonymous" money and it's nobodies business that you own it or spend it.
Crowd Funding is a Donation (pay-it-forward) platform, designed to balance the financial needs of families or the financial needs of a "cause" (heart foundations, cancer, poverty countries, churches, charities, etc). "Donation" is the key word. There is no product or service involved but it is legal, since it is a "donation". Any person entering into a Crowd Funding Platform must agree to the "terms and conditions" of the platform and do this of their own free will. No-one is forced!
Crypto Currency is Anonymous for the Owner (advantages)
If you require to hide your money, hide it in the form of crypto currency. You can purchase using crypto and noone will know who it is or convert it to cash whenever you wish (once in cash form, it's noticeable then)
If you want to set up an account for your children, you can. The investment is similar to a mutual fund on steroids.
Is there an age limitation for a business owner using crypto? No. Online crypto purchases are legal and noone knows who the actual purchaser is, but when wishing to convert to cash, the owner must have a bank account or card to send it to)
You will not be showing this crypto to your government to pay taxes. They will never know that you have it.
More to come