Author

Topic: Should Congress Create a Crypto-Cop? (Read 172 times)

newbie
Activity: 34
Merit: 0
March 10, 2018, 12:18:02 PM
#13
Crypto will attract the eye of development of scarier crypto cops for as long as cops  AND fbi get reports and complaints by victims of crypto scammers and thieves.

They are legally supposed to deal with the influx of people with increasing crypto crimes against them, the only way to do that is to create better crypto cops
member
Activity: 266
Merit: 10
March 10, 2018, 11:40:06 AM
#12
there is a lot of explanation why and why not government creating a crypto cop. i was like on the they should not because how they can arrest the violator.
hero member
Activity: 994
Merit: 507
March 10, 2018, 11:37:52 AM
#11
Why would the governments need it if they are already adept in tracing wrong-doers be it crypto or fiat? Personally I think it would be another waste of taxpayer's money to implement such an idea since you already have an existing department dedicated in pursuing illicit activities committed in cyberspace. Why not just utilize those in order to save money and time in creating a new organization? Also, the governments are (hopefully) studying what kind of regulations they can impose in order to protect investors and traders from such kinds of scams and theft like the Mt. Gox fiasco.
In other words, the department, organization that is responsible for any cybercrimes includes the cryptoworld. In a more practical perspective, what you said is right. You can just make a division there or somewhat. Maybe just educate them as a whole of what these things are all about.
hero member
Activity: 1050
Merit: 529
March 10, 2018, 11:30:51 AM
#10
The mania over cryptocurrencies has gotten the attention of regulators. But currently, the S.E.C. and C.F.T.C. can only look on at what is happening.
If the government creates a crypto-cop people will react by creating a cop crypto lol. But seriously what do you mean exactly by crypto-cop, a special division of cybercrime?
And from this, I do hope some of the members here can say clearly that bitcoin is not really anonymous since the government can track the transactions.
Everyone knows BTC is not anonymous other than the fact that you don't need to out your face and name to use it.
legendary
Activity: 1666
Merit: 1285
Flying Hellfish is a Commie
March 10, 2018, 11:03:26 AM
#9
There's no reason to create a crypto-cop in the least, that would just be a ton of government waste for what? For something that the SEC can do with one of their minor departments. Maybe the SEC will need some more funding, but it's nothing close to what a whole new department would cost for crypto -- but it wouldn't even be cost effective.

Kinda a waste and more government isn't needed for fixing this crypto 'problem'
legendary
Activity: 1652
Merit: 1088
CryptoTalk.Org - Get Paid for every Post!
March 10, 2018, 09:19:22 AM
#8
wow i am glad that you give me the information about what i am asking, i just curious about the lost crypto or bitcoin  if it was steal or not, they can know what is the cause of bitcoin lost?

They're not only seizing crypto used for illegal purposes (drugs etc), but they regularly auction the bitcoins they seize. The next US Marshalls auction is due on March 19th.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
March 10, 2018, 09:09:28 AM
#7
Why would the governments need it if they are already adept in tracing wrong-doers be it crypto or fiat? Personally I think it would be another waste of taxpayer's money to implement such an idea since you already have an existing department dedicated in pursuing illicit activities committed in cyberspace. Why not just utilize those in order to save money and time in creating a new organization? Also, the governments are (hopefully) studying what kind of regulations they can impose in order to protect investors and traders from such kinds of scams and theft like the Mt. Gox fiasco.
full member
Activity: 326
Merit: 104
Santa Coin
March 10, 2018, 07:36:55 AM
#6
The US government have already assigned people to look at Crypto currencies. They have also successfully traced some

Crypto criminals, back to their crimes. The SEC are also monitoring the Alt coin scene and I suspect that strict regulations

will follow soon. In the latest news the SEC announced that Crypto currency exchanges has to register with them. The US

agency with the most active involvement in Crypto currency has to be the IRS. The tax authorities have their fingers in

every Bitcoin pie.  Grin
wow i am glad that you give me the information about what i am asking, i just curious about the lost crypto or bitcoin  if it was steal or not, they can know what is the cause of bitcoin lost?

Some of the lost BTC can't be found now since there are a lot of owners that bought it as early as 2009 lost the private key making those bitcoins unusable. Stolen or forgotten, it is lost forever.

And from this, I do hope some of the members here can say clearly that bitcoin is not really anonymous since the government can track the transactions.
While they can track your transactions eventually, for the average person that would be too many resources to allocate. Don't think everybody should fear that, I think mainly the big fish will get fried if caught doing shady stuff.
member
Activity: 266
Merit: 10
March 10, 2018, 07:27:18 AM
#5
The US government have already assigned people to look at Crypto currencies. They have also successfully traced some

Crypto criminals, back to their crimes. The SEC are also monitoring the Alt coin scene and I suspect that strict regulations

will follow soon. In the latest news the SEC announced that Crypto currency exchanges has to register with them. The US

agency with the most active involvement in Crypto currency has to be the IRS. The tax authorities have their fingers in

every Bitcoin pie.  Grin
wow i am glad that you give me the information about what i am asking, i just curious about the lost crypto or bitcoin  if it was steal or not, they can know what is the cause of bitcoin lost?

Some of the lost BTC can't be found now since there are a lot of owners that bought it as early as 2009 lost the private key making those bitcoins unusable. Stolen or forgotten, it is lost forever.

And from this, I do hope some of the members here can say clearly that bitcoin is not really anonymous since the government can track the transactions.
awesome answer thank you for your attention
hero member
Activity: 1722
Merit: 528
March 10, 2018, 07:20:49 AM
#4
The US government have already assigned people to look at Crypto currencies. They have also successfully traced some

Crypto criminals, back to their crimes. The SEC are also monitoring the Alt coin scene and I suspect that strict regulations

will follow soon. In the latest news the SEC announced that Crypto currency exchanges has to register with them. The US

agency with the most active involvement in Crypto currency has to be the IRS. The tax authorities have their fingers in

every Bitcoin pie.  Grin
wow i am glad that you give me the information about what i am asking, i just curious about the lost crypto or bitcoin  if it was steal or not, they can know what is the cause of bitcoin lost?

Some of the lost BTC can't be found now since there are a lot of owners that bought it as early as 2009 lost the private key making those bitcoins unusable. Stolen or forgotten, it is lost forever.

And from this, I do hope some of the members here can say clearly that bitcoin is not really anonymous since the government can track the transactions.
member
Activity: 266
Merit: 10
March 10, 2018, 07:18:05 AM
#3
The US government have already assigned people to look at Crypto currencies. They have also successfully traced some

Crypto criminals, back to their crimes. The SEC are also monitoring the Alt coin scene and I suspect that strict regulations

will follow soon. In the latest news the SEC announced that Crypto currency exchanges has to register with them. The US

agency with the most active involvement in Crypto currency has to be the IRS. The tax authorities have their fingers in

every Bitcoin pie.  Grin
wow i am glad that you give me the information about what i am asking, i just curious about the lost crypto or bitcoin  if it was steal or not, they can know what is the cause of bitcoin lost?
legendary
Activity: 1904
Merit: 1074
March 10, 2018, 07:14:09 AM
#2
The US government have already assigned people to look at Crypto currencies. They have also successfully traced some

Crypto criminals, back to their crimes. The SEC are also monitoring the Alt coin scene and I suspect that strict regulations

will follow soon. In the latest news the SEC announced that Crypto currency exchanges has to register with them. The US

agency with the most active involvement in Crypto currency has to be the IRS. The tax authorities have their fingers in

every Bitcoin pie.  Grin
member
Activity: 266
Merit: 10
March 10, 2018, 07:08:04 AM
#1
The mania over cryptocurrencies has gotten the attention of regulators. But currently, the S.E.C. and C.F.T.C. can only look on at what is happening.




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