Topic: [2017-10-27] UK authorities: cryptocurrency is not a game-changing tool for terr (Read 2020 times)
October 27, 2017, 10:16:29 AM
It can not be said that the statement of the United Kingdom Treasury is not objective. Their fears in connection with the aggravated thai struggle against terrorism are quite understandable. However, given the high state of freedoms of citizens in this country, it is unlikely that there will be a decision to ban crypto currency, it is likely that measures will be taken to regulate it and identify the individual in financial transactions with the crypto currency.
October 27, 2017, 07:17:15 AM
It is logically that such high risk of terroristic attack as the United Kingdom has fears towards crypto-currencies. I'm pretty sure they will accept something for regulation of crypto-currencies to ensure safeness to their citizens.
October 27, 2017, 06:05:53 AM
The Treasury of the United Kingdom has prepared a report regarding the illicit finances and money laundering. It would be good to know what the analysts of one of the financial hubs of the world think. Turns out they decided that cryptocurrency poses “low risk” of becoming the main tool for terrorism financing in the next five years.
As for money laundering, here it’s not as good: cryptocurrency is often used for avoiding governmental control of finances due to its highly decentralized structure, and the authors of the Treasury’s report fully acknowledge this and writ about the laundering of “low amounts at high volume.” The more the use of digital currencies grows, the more it will be used for this purpose, Treasury researchers conclude.
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As for money laundering, here it’s not as good: cryptocurrency is often used for avoiding governmental control of finances due to its highly decentralized structure, and the authors of the Treasury’s report fully acknowledge this and writ about the laundering of “low amounts at high volume.” The more the use of digital currencies grows, the more it will be used for this purpose, Treasury researchers conclude.
Read more
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