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originally posted by: ANNED
The big problem with bitcoin and other cryptocurrency is that they can cross borders without checks and hide from the law.
The drug cartels are starting to use bitcoin to take there profits out of the US instead of suitcases of cash that can be caught at the border. Ransomware hackers have long used bitcoin to get there ransom so that governments can not track the ransom payoffs.
In the long run criminal use of cryptocurrency will force governments to tighten down on its use.
And it may even cause the cryptocurrency companies to face lawsuits by victims of crimes using cryptocurrency.
originally posted by: nOraKat
originally posted by: ANNED
The big problem with bitcoin and other cryptocurrency is that they can cross borders without checks and hide from the law.
The drug cartels are starting to use bitcoin to take there profits out of the US instead of suitcases of cash that can be caught at the border. Ransomware hackers have long used bitcoin to get there ransom so that governments can not track the ransom payoffs.
In the long run criminal use of cryptocurrency will force governments to tighten down on its use.
And it may even cause the cryptocurrency companies to face lawsuits by victims of crimes using cryptocurrency.
Location: China?!
ANNED < -- Chinese Shill ?!?
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