http://www.telegraph.co.uk/news/2017/12/03/bitcoin-crackdown-amid-fears-money-laundering-tax-dodging/
Well indeed bitcoin is only place where you can do money laundering and tax evasion due to it decentralized system for me, regulating bitcoin and other cryptocurrencies is good why? because if you think about it,the government already accepted bitcoin now they just creating regulatory measures to prevent someone or criminals do their activities such money laundering and also, they just want to pay your taxes. Now the US had started to doing this i think the other countries will follow also. Quote
ministers are launching a crackdown on the virtual currency Bitcoin amid growing concern it is being used to launder money and dodge tax.
The Treasury has disclosed plans to regulate the Bitcoin that will force traders in so-called crypto-currencies to disclose their identities and report suspicious activity.
Until now, anybody buying and selling bitcoins and other digital currencies have been able to do so anonymously, making it attractive to criminals and tax avoiders.
But the Treasury has now said it intends to begin regulating the virtual currency, which has a total value of £145 billion, to bring it in line with rules on anti-money laundering and counter-terrorism financial legislation.
The new rules, which will be applied across the European Union, are expected to come into force by the end of the year or early in 2018, the minister in charge has said.
The Treasury has disclosed plans to regulate the Bitcoin that will force traders in so-called crypto-currencies to disclose their identities and report suspicious activity.
Until now, anybody buying and selling bitcoins and other digital currencies have been able to do so anonymously, making it attractive to criminals and tax avoiders.
But the Treasury has now said it intends to begin regulating the virtual currency, which has a total value of £145 billion, to bring it in line with rules on anti-money laundering and counter-terrorism financial legislation.
The new rules, which will be applied across the European Union, are expected to come into force by the end of the year or early in 2018, the minister in charge has said.
I don't think governments are not able to catch those people involving in money laundering through cryptocurrencies. But if monero is the case, I can't say anything. But it is not just about cryptocurrencies.