Posted on 02/17/2022 9:01:54 AM PST by BenLurkin
The U.S. Justice Department has tapped a seasoned computer crimes prosecutor to lead its new national cryptocurrency enforcement team and announced on Thursday that the FBI is launching a unit for blockchain analysis and virtual asset seizure.
U.S. regulators under President Joe Biden have been ratcheting up their scrutiny of the crypto industry in the wake of a series of high-profile cyberattacks last year on the largest U.S. fuel pipeline network and the world's largest beef supplier. Ransomware groups often demand their fees in bitcoin.
(Excerpt) Read more at reuters.com ...
Communists don’t like individual freedom.
I’ll bet the digits are 666.
...and all you bitcoin groupies thought you were safe from the government....
The establishment is threatened. It’s not by hackers, but ordinary Americans. The methods to stop hacking are very straight forward, but the establishment does want to solve the problem. They make a crisis and provide half-assed solutions to control you.
A firm set of rules from the IRS would be nice. Approvals of exchanges from the SEC would be nice.
I don’t know too many crypto people who avoid paying taxes. Its the gyrations of the IRS in the early days that screwed a lot of people.
If the SEC would get off their asses and reign in the “wild west” aspect of the smaller exchanges, it would help reporting and allow for regulation of the process of converting to US dollars. It would allow more people to participate in the system. And it would open the markets to a broader group of “hamstrung” investors.
The SEC won’t do that until JP Morgan and Goldman Sachs get their “taste.”
The corruption in our financial regulation system is just downright scary.
Getting ready to shut down crowd funding. Never bothered them when it was for blm and antifa.
Nobody is safe from the government, but you seem to have contempt for people who even try.
IKR. $60M to GoFundMe went to ActBlue. (Mark Elias manager)
Joe Biden have been ratcheting up their scrutiny of the crypto industry.
Somebody putting crimp on the money laundering business?.
Take any form of money down to it's root - and you will find that it's backed by "a claim on the future labor of others" - a.k.a. debt.
Crypto does not have that, assuming it stays as crypto and doesn't get bought or sold using a national monetary means.
This doesn't mean Bitcoin would make a good money supply. It wouldn't - just that it removes the power factor - which is why our overlords will regulate it out of existence.
I don’t have contempt for those that try, I’m one of them. that wasn’t the intent of the post. just a simple dig at some of the over-the-top bitcoin zealots that think it’s the answer to everything….
I wonder who will end up with all the money donated to the Canadian truckers.
Why print billions to send to Iran when you can simply send them cryptocoins electronically?
We can expect this new unit to be as affective as the Federal “Do Not Call” list.
Doesn’t the Secret Service have responsibility and authority in all matters concerning currency???
But muh Waco Ridge, man. It’s bad, man. It’s all bad.
Basically going after all encryption with as much money the state can muster.
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