Right now every ransomware attack comes with a demand for payment in Bitcoin. The FBI always says that it is impossible to trace who the ransom was paid to.
So how do they intend to track who has it and who doesn’t?
And furthermore, how do they intend to stop countries that will continue to allow it?
>>So how do they intend to track who has it and who doesn’t?
Not sure they really need to - as soon as they forbid all financial institutions from trading in it, or exchanging it for actual money, the market will dry up. Some will continue to trade it no doubt person-to-person, but if you can’t ever actually exchange it for real goods or services, than whats the point?
Funny how they have no problem tracking the right wingers using it:
https://blog.chainalysis.com/reports/capitol-riot-bitcoin-donation-alt-right-domestic-extremism
Might as well just send in a report to the government, it appears . . .
From the Yahoo link (https://news.yahoo.com/exclusive-large-bitcoin-payments-to-rightwing-activists-a-month-before-capitol-riot-linked-to-foreign-account-181954668.html)
the digital currency transactions are happening in plain sight. While cryptocurrency has the reputation of being anonymous and shadowy, that’s actually a common misconception, explained Maddie Kennedy, Chainalysis’s communications director. “With the right tools you can follow the money,” she said. “Cryptocurrency was designed to be transparent.”