If a "dictatorial" China is not too worried or threatened by Cryptocurrency i wonder why the elites from democracies would be. Been observing this people for quite sometime now, they are becoming too desperate and dangerous.
Wasn't surprised when a very prominent "futurist" called Raymond Kurzweil critized Crypto recently. He once predicted the coming of "One World Government" by 2020 ...you can look it up on Wikipedia as well as Google. Seems their 2020 target won't be met due to the invention of Blockchain and Crypto and they're becoming restless.
Here is the latest from them:
"Meanwhile, the EU is mulling a more direct approach to the problem of cryptocurrency. According to a proposed
directive released on March 9, 2017, the EU could require exchanges and wallet providers to submit account owners’ identities to a central database.
The directive goes on that “virtual currencies should not be anonymous,” and that the anonymity or pseudo-anonymity of cryptocurrencies is “more a hindrance than an asset” for legitimate users."
https://bitcoinmagazine.com/articles/project-titanium-eus-plan-decloak-cryptocurrency/
Wasn't surprised when a very prominent "futurist" called Raymond Kurzweil critized Crypto recently. He once predicted the coming of "One World Government" by 2020 ...you can look it up on Wikipedia as well as Google. Seems their 2020 target won't be met due to the invention of Blockchain and Crypto and they're becoming restless.
Here is the latest from them:
"Meanwhile, the EU is mulling a more direct approach to the problem of cryptocurrency. According to a proposed
directive released on March 9, 2017, the EU could require exchanges and wallet providers to submit account owners’ identities to a central database.
The directive goes on that “virtual currencies should not be anonymous,” and that the anonymity or pseudo-anonymity of cryptocurrencies is “more a hindrance than an asset” for legitimate users."
https://bitcoinmagazine.com/articles/project-titanium-eus-plan-decloak-cryptocurrency/
EU anti money laundering laws are no different then KYC and AML - which almost all popular exchanges abide by, since most of them are registered in the US (which is kind of funny).
Not to defend them, as I personally never even use my real name and address, not because I have anything to hide, but I simply do not trust any government controlled by wrinkly old men or women. And giving your name in order to trade cryptocurrencies kind of defeats the purpose.
Virtual currencies should be at least pseudo-anonymous. That's the bark of cryptocurrencies so chewing that layer off - while seems innocent to some - is the first step of trying to take control of them.
Using words like "legitimate users" is the equivalent of saying "if you have nothing to hide we should be able to monitor all your activity 0-24" so fuck any and all push against cryptos - however hidden and tame they might appear.
I mean, for fuck's sake, some people are trying to ban encryption of all things ignoring they all rely on it on a daily basis! That alone shows how out of touch some people in power are.
