US labels cryptocurrencies threat to national security

[mlawson71]

A new report by the US Justice department labels cryptocurrencies a threat to national security, due to their use to fund terrorists, rogue nations and criminals in general.

According to the same report police has a difficulty investigating the crypto market due to lack of proper regulation, which is “detrimental to the safety and stability of the international financial system.”

Many businesses that operate with cryptos, like online casinos and peer to peer exchanges have no records of their transactions and also do not file any reports to relevant authorities.

The report also stated that “Current terrorist use of crypto currency may represent the first raindrops of an oncoming storm of expanded use.”

Cryptos, unfortunately, have long been associated with nefarious deals, and unless stringent regulation is introduced I don't see that changing.

 

[Nobert]

timestamped

Fix the link manually
(Bloomberg's ingenius block)

h ttps://m.youtube.com/watch?v=cKWlx_P56N4&t=44m43s

 

[Pricechange]

A new report by the US Justice department labels cryptocurrencies a threat to national security, due to their use to fund terrorists, rogue nations and criminals in general.

Of course. They rolling out a digital currency very soon and want to know your every move, every purchase, every breath you take. With a digital currency they can freeze your assets instantly, garnish your wages with a click, take money from you instantly upon any accusation of unpaid debt, valid or not. If you combine digital currency with facial recognition and NSA tracking...they own your soul completely.

Bitcoin allows free men to live their life.

 

[Nobert]

Bitcoin allows free men to live their life.

Bitcoin doesn't pay the salary for a firefighter, or construction worker that works on the road next to your community.
Neither it pays for those veterans abroad, who ensures the real freedom.

Human kind have never lived that good as now and all of the attempts to destabilize the current environment (be it on a individual level or country wide) should be dealt with swiftly.

Decentralize/destabilize - what... Current life quality ?

Stupid ideology brought up by scammers and product used by pedophiles, mexican gangs & the rest of the criminal scum.

That is very weird definition of freedom, when it comes to cryptos.

A good idea for all of those ,,freedom" seekers :

 

[They]

Conspiracy theory #3842783678943

NSA created Bitcoin to break the hold of the Hawala type markets for illegal money transfers. Step 1 - Acceptance, is followed by Step 2- DLT monitoring, and ultimately Step 3 - enforcement.

 

[cdcaveman]

No way they will allow a quasi finite currency to compete with the ever more inflating dollar

 

[Tradex]

Bitcoin allows free men to live their life.

Bullshit, digital money will enslave us all.

One day you (or your children) will understand how.

 

[tsznecki]

Bitcoin doesn't pay the salary for a firefighter, or construction worker that works on the road next to your community.
Neither it pays for those veterans abroad, who ensures the real freedom.

Human kind have never lived that good as now and all of the attempts to destabilize the current environment (be it on a individual level or country wide) should be dealt with swiftly.

Decentralize/destabilize - what... Current life quality ?

Stupid ideology brought up by scammers and product used by pedophiles, mexican gangs & the rest of the criminal scum.

That is very weird definition of freedom, when it comes to cryptos.

You clearly didn't read @Pricechange's post before getting triggered. First, put down the sharp objects.

The point is not that Bitcoin is going to replace the US Dollar but that the Dollar is going to be completely digitized. At that point, every transaction everywhere is traceable.

If you don't understand that, then you are the stupid one.

 

[Nobert]

If you judge someone's intelligence based on a single quote, then find a way to market your decision making process to the military around the globe, to simplify the selection process of young cadets/privates, (for your own benefit, to become a dace-millionaire), yet, if, applying the same - principle as yours, of a single quote :

The problem :

product used by pedophiles, mexican gangs & the rest of the criminal scum.

The solution :

At that point, every transaction everywhere is traceable.

The irrationality :

Bitcoin allows free men to live their life.

It's not the btc that allows free men to live their lives, it's the budget. And without the budget and taxes, there's no modern functioning society.
BTC existence so far, had zero benefit on that, except for few specific groups, as mentioned above.

Anyway, hope you add me on ignore as well. Good luck.

 

[Tradex]

At that point, every transaction everywhere is traceable.

The ultimate goal of crypto money is not traceability, "security", anonymity, privacy, blah blah blah blah.... more bullshit....blah blah blah..., it's all about controlling people. on a worldwide scale.

Of course this fact will all become clear to the average citizen when it's too late.