I'm in the UK, and our current government is intent on sucking money out of any savings or assets that we own. They are starting to impose Draconian measures to control any financial transactions or holdings. I believe that this could lead to an increase in the use of P2P transactions that are kept away from exchanges and government control. Do you believe that this will lead to an increase in transactions between members of fora such as Bitcoin Talk, or will such transactions be a rich grazing ground for government investigations?
yeah UK Government has actually taken an action to have a better control over crypto. To crack down on rogue crypto companies & money laundering, the Financial Conduct Authority has stepped up its action plan by recruiting new staff. They have even frozen more than $300 million in crypto related scams afaik. Sure, P2P transactions may appear to be a workaround but they are also not exempt. The National Crime Agency could also now freeze assets without any conviction. And now they can even confiscate & destroy crypto used in crime with the new Crime Bill. Although P2P may provide privacy, you know it is not a get out of jail free card
