US Foreign Sanctions Bill aimed at Bitcoins with New law
In a story just out on Bitcoin News, the US government is submitting a Bill signed by Donald (Duck) Trump to congress. The Bill titled the US foreign sanctions bill was signed by the president last month and is mandated that 3 countries Russia, Iran and North Korea to monitor cryptocurrency transactions. In the article by Samuel Haig "The Bill Requires That Governments Monitor Cryptocurrency to Combat The “Financing of Terrorism and Related Forms of Illicit Finance”.
My personal take on this is that the US still believe that they can be the world police on everything, however when it comes to blockchain and cryptocurrencies they must know that the main reason for this new technology is to keep governments and large corporations from controlling everything in our daily lives. I also think that the real issue is the privacy component in the blockchain fabric. This is causing them more headaches and with no solutions on their side.
In a related article on Bitcoin.com the Homeland Security Department has put more than 2.2 million dollars in Blockchain surveillance/security startups.. Looks like there guys are not wanting to miss out on the ICOmania, on one hand they are trying to see how they are going to regulate the blockchain technology/industry and on the other, my bet is that they are racing to make their own personal investments to cash in on this New Modern Day GOLD RUSH. @artintelicoinves
Whats your opinion?
The truth is they just want to have more controls on the citizens.
agreed 100%
did you know scilwa is affiliated with a neo-nazi?
They delegate to the individual who wrote this:mhttps://steemit.com/politics/@mathiasian/brendan-fraser-was-blacklisted-after-being-sexually-assaulted-by-homosexual-movie-producer-philip-berk
Preach brother. Really pathetic how obvious they try to censor the average sheep. Problem is most people will not see it coming and just accept the regulations
Yeah I agree however they will not be able to stop Cryptocurrencies The proverbial "Cat is out of the Bag" already I think they are too late.
the bootleneck are the exchanges. If you keep your money in crypto you are fine;) All its gonna do really is slow growth of this young technology.
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STOPThey will only try their best to control cryptocurrency but the truth is, they can not control it because cryptocurrency is a gift to humanity....It can not be control except they develop their own blockchain.
nice!