Topic: [2021-01-20] Janet Yellen suggests 'curtailing' cryptocurrencies such as Bitcoin - page 4. (Read 739 times)

There've been far too many endorsements for bitcoin recently and the guys in power probably realized that it was enough. Yellen, Lagarde & co. could have made these statements earlier on but they waited. If you ask me, this is the repetitive pattern about bitcoin is bad we've seen up to now.

And here we go, I've got so used to this stuff it doesn't surprise me anymore.
When you go and vote the challenger in your mind you're saying, this can't be worse than the current guy, yet it takes only a few days or weeks to realize you've actually chosen the worse of the two.

So, we can add more names to the list of imbeciles that have some kind of decisional power and are against mass use of bitcoin, I had a feeling things will turn bad the moment I heard Maxine Waters stating to link cryptos and terrorism, I wonder how many will start to pop-up, already Lagarde has open it stupid mouth this side of the Atlantic also, throw in Gary Gensler and this is going to be "fun".

There was recent news from Albania that a gun running organization (supplying weapons to the Syrian war) with wahabist links had increased it's control in the famously violence infested corner of south-eastern Europe.

guess who was helping fund them? (and using which currency/payment network?). I expect you all need only one guess



If Janet Yellen has proof that Bitcoin funded terrorism, it's likely because her partners in crime at the CIA gave her the information, and they only know because they provided all the guns and the Bitcoins for the deals with the terrorists

Yea..... the new broom will want to show that they will do everything in the opposite way, than what their opposition did it.   So if the Trump administration approved it, then the Biden administration will have to pull it down and re-build it. How many legitimate and regulated companies that are using Crypto currencies now, will have to suffer from these changes? (Take Coinbase as an example.... and Gemini and many of the other exchanges.)

Also, the moment when you over regulate something.. it goes underground... and then those transactions are not taxed. So the US Government will lose Millions in taxes .... and they still will still not have stopped the illegal activities. (Like the WAR on Drugs)  

Also many Crypto currency supporters will change their vote, come next election.. to an administration that supports Crypto currencies.  

Janet Yellen suggests 'curtailing' cryptocurrencies such as Bitcoin, saying they are mainly used for illegal financing


Janet Yellen, President-elect Joe Biden's nominee for treasury secretary, suggested on Tuesday that lawmakers "curtail" the use of cryptocurrencies such as bitcoin over concerns that they are "mainly" used for illegal activities.

Yellen's comments suggested the incoming Biden administration could be hostile to cryptocurrencies and ramp up regulation. Watchdogs around the world, from the European Central Bank to the UK's financial regulator, have recently expressed concerns about cryptocurrencies like Bitcoin.
Sen. Maggie Hassan asked Yellen during her confirmation hearing on Tuesday about the dangers of terrorists using cryptocurrencies.

"You're absolutely right that the technologies to accomplish this change over time, and we need to make sure that our methods for dealing with these matters, with terrorist financing, change along with changing technology," Yellen said.

"Cryptocurrencies are a particular concern. I think many are used - at least in a transaction sense - mainly for illicit financing.

"And I think we really need to examine ways in which we can curtail their use and make sure that money laundering doesn't occur through those channels."

https://markets.businessinsider.com/currencies/news/bitcoin-price-cryptocurrency-should-be-curtailed-terrorism-concerns-yellen-2021-1-1029985692

Second Source
https://news.bitcoin.com/janet-yellen-bitcoin-cryptocurrencies-illicit-financing/