America Getting Tough On Crypto Currencies

In forming a new task force to protect consumers from fraud, the Trump administration made clear that one of the greatest threats to the public is just emerging: red-hot markets for crypto coins. The inclusion of virtual tokens, along with traditional crimes like money laundering and investment schemes targeting the elderly is the latest sign of Washington’s concern over digital currencies.

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Militant groups are using digital wallets to send and receive funds in bitcoin and this should be the main concern. They have been experimenting with bitcoin as early as 2014. One of the earliest examples was that year by the notorious Syrian Electronic Army which used bitcoin to raise money to pay for helping to distribute its self-designed software. Also in 2014, a Dark Web site, "Fund The Islamic State Anonymously," was encouraging supporters to donate in Bitcoin to fight the U.S. Other early cases of terrorist groups' use of Bitcoin include: in 2015, reports that the Charlie Hebdo attacks in Paris were funded in bitcoin by al Qaeda in the Arabian Peninsula (AQAP); in 2016, reports that Bitcoin, including a wallet containing $3 million in bitcoin, could have been used in the November Paris attacks that year; and the ongoing fundraising campaign "Jahezona" ("Equip Us"), launched in July 2015 by the ISIS-linked Ibn Taymiyya Center, that accepts donations in Bitcoin for purchasing weapons for the fight against "the Jews."

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1 minute ago, 李伟王芳 said:

Militant groups are using digital wallets to send and receive funds in bitcoin and this should be the main concern. They have been experimenting with bitcoin as early as 2014. One of the earliest examples was that year by the notorious Syrian Electronic Army which used bitcoin to raise money to pay for helping to distribute its self-designed software. Also in 2014, a Dark Web site, "Fund The Islamic State Anonymously," was encouraging supporters to donate in Bitcoin to fight the U.S. Other early cases of terrorist groups' use of Bitcoin include: in 2015, reports that the Charlie Hebdo attacks in Paris were funded in bitcoin by al Qaeda in the Arabian Peninsula (AQAP); in 2016, reports that Bitcoin, including a wallet containing $3 million in bitcoin, could have been used in the November Paris attacks that year; and the ongoing fundraising campaign "Jahezona" ("Equip Us"), launched in July 2015 by the ISIS-linked Ibn Taymiyya Center, that accepts donations in Bitcoin for purchasing weapons for the fight against "the Jews."

Maybe in early stages. The blockchain makes it easy now to track the entry and exit points of BitCoin.

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1 minute ago, Ja’Nako Bezze said:

Maybe in early stages. The blockchain makes it easy now to track the entry and exit points of BitCoin.

Monero is the common currency of the dark web. Others like Etherium are more secured and safe to use.

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3 minutes ago, 李伟王芳 said:

Militant groups are using digital wallets to send and receive funds in bitcoin and this should be the main concern. They have been experimenting with bitcoin as early as 2014. One of the earliest examples was that year by the notorious Syrian Electronic Army which used bitcoin to raise money to pay for helping to distribute its self-designed software. Also in 2014, a Dark Web site, "Fund The Islamic State Anonymously," was encouraging supporters to donate in Bitcoin to fight the U.S. Other early cases of terrorist groups' use of Bitcoin include: in 2015, reports that the Charlie Hebdo attacks in Paris were funded in bitcoin by al Qaeda in the Arabian Peninsula (AQAP); in 2016, reports that Bitcoin, including a wallet containing $3 million in bitcoin, could have been used in the November Paris attacks that year; and the ongoing fundraising campaign "Jahezona" ("Equip Us"), launched in July 2015 by the ISIS-linked Ibn Taymiyya Center, that accepts donations in Bitcoin for purchasing weapons for the fight against "the Jews."

more money is lost on fraud than what militants are moving there. Fraud should be main concern 

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We  will partner with four other countries to up its fight against tax evasion committed using cryptocurrencies. Alongside taxation regulators in the U.K., Canada, Australia, and the Netherlands, the U.S. task force will work to "reduce the growing threat to tax administrations posed by cryptocurrencies and cybercrime

 

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4 hours ago, Sofia said:

In forming a new task force to protect consumers from fraud, the Trump administration made clear that one of the greatest threats to the public is just emerging: red-hot markets for crypto coins. The inclusion of virtual tokens, along with traditional crimes like money laundering and investment schemes targeting the elderly is the latest sign of Washington’s concern over digital currencies.

it's not surprising that the administration would move in this direction. Earlier this year, the U.S. government indicated that it was working toward a "comprehensive" strategy around cryptocurrencies, with a focus on market fraud. In February, DOJ formed a cybersecurity task force that includes cryptocurrencies as part of its mandate.

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4 minutes ago, Joanna said:

all I see is more administration 

I stopped after "By the authority vested in me as President by the Constitution and the laws of the United States of America..."

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