Quote from: freedomgo on Today at 09:28:21 PM

Quote from: MyIdeas on Today at 09:03:39 PM

Quote from: Accardo on Today at 08:44:18 PM

Recently, I went through the article about the biggest cryptocurrency fraud in history executed by a married couple. Ilya Lichtenstein and Heather Morgan, husband, and wife, have been tracked down by the FBI for laundering 119,754 bitcoins from Bitfinex five years ago. After many attempts to rinse the money through chain hopping on numerous anonymity enhanced cryptocurrencies like monero. The FBI was able to apprehend them.

I want to know, what else does the government want to regulate the cryptocurrency blockchain for if the FBI can perform such a rigorous search on all the virtual accounts that have been created online by the couple? And found the private key linked to the wallet that received the funds, and they recovered over $3.5 billion and recorded it as the biggest seizure in the cryptocurrency niche.

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“Criminals always leave tracks, and today’s case is a reminder that the FBI has the tools to follow the digital trail, wherever it may lead,” said FBI Deputy Director Paul M. Abbate.

I think the transaction the Government cannot track in the block-chain technology has not be made. FBI claim that they will endeavor to trace any fraudulent activity in the cryptocurreny network through their 21st century investigative technique. (I don't know what they mean by that)

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we're able to uncover the source of even the most sophisticated schemes and bring justice to those who try to exploit the security of our financial infrastructure.

Read:
https://www.justice.gov/opa/pr/two-arrested-alleged-conspiracy-launder-45-billion-stolen-cryptocurrency

After that success of FBI now the governments may change their mind for bitcoin. Now they cannot deny the fact that bitcoin is safe for fraud and if someone will do money laundering then they will be caught.

The bitcoin community is thankful to the FBI that they helped those who lost their money because of this hack. It will increase the courage of people who want to adopt bitcoin for their personal lives and for their businesses.

With bitcoin's transparency, it will always give a hard time for scammers and other criminal acts to succeed. They may enjoy the stolen money temporarily, but know that they will always be traced later on. That gives more advantage to use bitcoin as everything is transparent compared to fiat that is more dubious and questionable. That is why money fraudulence and laundering is rampant in fiat while in bitcoin its more controlled.

With all these advantages about bitcoin, i don't see enough reason why the government is still hesitant to accept bitcoin knowing all its transactions are transparent and so you can't see any illegalities from it. Best proof is that FBI has managed to traced whatever fraudulence that happened to it. That is, if the government can also be transparent in all their transactions, so there is no valid reason that bitcoin cannot be accepted as a currency.