Bitcoin
Out of context: Reply #1856
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- zarkonite3
Treasury nominee Yellen is looking to curtail use of cryptocurrency
Yellen argues many cryptocurrencies are used "mainly for illicit financing."
https://arstechnica.com/tech-pol…
"Cryptocurrencies could come under renewed regulatory scrutiny over the next four years if Janet Yellen, Joe Biden's pick to lead the Treasury Department, gets her way. During Yellen's Tuesday confirmation hearing before the Senate Finance Committee, Sen. Maggie Hassan (D-N.H.) asked Yellen about the use of cryptocurrency by terrorists and other criminals.
"Cryptocurrencies are a particular concern," Yellen responded. "I think many are used—at least in a transactions sense—mainly for illicit financing."
She said she wanted to "examine ways in which we can curtail their use and make sure that [money laundering] doesn't occur through those channels.""
- Welcome to socialism.palimpsest
- not good news for crypto, could push some people to sell in fear of somethingBennn
- Ok boomer, try to restrict a globalise decentralised currency. “Oh Yelly, you’re needed, printer jam in Fed’s mint.”shapesalad
- Thanks BidenGuyFawkes
- Hasn’t government issued ‘cash’ been used for illicit purposes throughout all of its existence? Crypto will always be a drop in the bucket in the big picture.prophetone
- If a government can ban crypto, then what's the point with crypto?drgs
- it would be good to come up with a stable crypto currency just for buying drugswoowahesque
- I hear drug dealers and terrorists use cel phones too.BH26
- Cellphones don't call people, people do.palimpsest
- Not too worried. I'm looking at my Bitcoin investment as a 4+ year ride. It's not going away.nocomply
- a the historical crux of Bitcoin... everyone wants it to be worth X amount of dollars/euros... Usually the higher the betterjonny_quest_lives
- yet no one wants the regulation /infrastructure and when asked why the price is going up everyone shrugs and yells have fun staying poorjonny_quest_lives
- miners have hard costs, equipment and electricity... those daily costs far exceed the money entering the market...
i'd venture a guess Michael Saylor's influxjonny_quest_lives - of Microstrategy Money evaporated within a monthjonny_quest_lives
- here's the Bitcoin Whitepaper... I hear Craig S. Wright is claiming he holds the copyright on it now and wants people to take it offline:jonny_quest_lives
- https://bitcoin.org/…jonny_quest_lives