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The fact that Bitcoin itself has never been banned strongly suggests that it was government approved from the beginning or even developed at the NSA. The track
by bgwalter 1y ago
The fact that Bitcoin itself has never been banned strongly suggests that it was government approved from the beginning or even developed at the NSA.
The tracking is a feature, and many governments want a CBDC.
What does the CIA think? The CIA thinks Bitcoin is great:
https://cointelegraph.com/magazine/bitcoin-price-million-cia-bitcoin-instutional-adoption-trends-ethereum-hodlers-digest/ https://cointelegraph.com/magazine/bitcoin-price-million-cia...
- bilekas 1y agoHave you read the article ? The currencies are not being BANNED, simply anonymous accounts are, this is standard practice in financial institutions where you're required to Know Your Customer (KYC) and provide Anti Money Laundering (AML) provisions.
- bgwalter 1y agoI have. Handling Monero, presumably for real currency conversions, is banned. If that were done for Bitcoin worldwide, the price would collapse, because it is no longer useful for, e.g., sanctions evasion. By the way, the article itself claims: "The European Union is set to impose sweeping Anti-Money Laundering (AML) rules that will ban privacy-preserving tokens and anonymous cryptocurrency accounts from 2027." This statement is walked back later.
- plsbenice34 1y agoCointelegraph very often exaggerates and writes in an inaccurate way, it should never be used as a reliable source of information. You can see the real information here which makes it clear that it only applies to exchanges: https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32024R1624 https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CEL...