Post
Topic
Board Economics
Re: US Government! Bitcoin Said You Came Late.
by
coupable
on 18/02/2022, 14:57:36 UTC
Too late, just yesterday the US Justice Department set up the National Cryptocurrency Enforcement Team, which will serve as the focal point for efforts to identify and dismantle the misuse of cryptocurrencies and other digital assets. US government is now speeding up to determine how to police the cypto-space claiming that it has become a new frontier for criminals and rogue nations to steal and launder billions of dollars. The US government claim that if they could recover almost all the Bitcoin ransom paid to the perpetrators of a cyber attack on Colonial Pipeline Co. and equally trace and seize Bitcoin valued at about $3.6 billion that was stolen during a 2016 hack, then they have the ability and capacity to regulate the crypto-market.
I can't understand why the author think that it's too late. Like almost all powerful financial institutions, US authorities tried to limit the usefulness of the digital currencies in their early days. Then by time goes by, they realized that they can't stop the wave just by diabolisation.