Terrorists not Using Bitcoin? Politicians Want to Regulate It Anyway
The European Union's law enforcement agency, Europol, has stated, in its recently published report, that the use of Bitcoin in financing terrorist activities has not been confirmed. Despite the clear conclusion reached in this report, another EU bureaucracy arm, the European Commision, has only just come out with a comprehensive package to tackle "terrorist financing". It seems this proposal is more about tightening capital controls than "fighting terrorism," as digital currency economy accounts for only a tiny fraction of global money transfers. "To prevent their abuse for money....
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The European Council of the EU has set forth guidelines in which it will seek to regulate virtual currencies and curb terrorist funding opportunities. In light of several high terror attacks within the EU in 2015, many regulators and citizens called for tighter surveillance and anti-terrorism operations. Calls for tighter control over virtual currencies after reports were released when it was suggested that some terrorists might have benefited from using Bitcoin to fund their activities. While such claims that terrorists have a unique advantage in using Bitcoin, the European Council is....
Bitcoin in the Headlines is a weekly analysis of industry media coverage and its impact. Due to their status as both an emerging payment method and payments technology, global authorities have long sought to ensure safeguards are in place to prevent digital currencies from being abused by cybercriminals and terrorists seeking to take advantage of their cash-like features. This narrative was given new prominence this week following the terrorist attacks in Paris last Friday, which left more than 100 people dead and that have found law enforcement agencies and politicians seeking to take....
Imagine life as a the patriarchal head of a fiat currency banking empire. Life is good, with the ability to create fiat currency out of thin air, thanks to fractional reserve banking practices which effectively legalizes counterfeiting money. You compare notes with other billionaires. Your donations and campaign influence have politicians wrapped around your finger when it is time regulate new competitors or new technologies. With effective control of politicians, regulators, and consumers sending you multiple streams of income, life couldn't be better. With one exception. What if there....
As bureaucrats across the globe continue to ask the common citizenry for access to every financial decision they make, politicians and celebrities worldwide are hiding large amounts of wealth in tax havens according to the Pandora Papers. While American politicians like the Biden administration claim to be against tax corruption, some people view the U.S. as the world’s “main tax lagoon.”
Pandora Papers Expose Hypocrisy Among Bureaucrats Worldwide, US Public Officials Manage to Escape Investigation
During the last month, the Biden administration and other....
Blythe Masters has been ranked #46 in Bloomberg's List of Most Influential People in Finance. She is the only representative of the FinTech industry in this list. List dominated by politicians. The list of 50 most influential people in the world of finance is dominated by politicians. 5 out of the top 6 spots are occupied by politicians of major nations – Theresa May (#1, PM of UK), Donald Trump (#2, US Presidential candidate), Hillary Clinton (#2, US Presidential Candidate), Xi Jinping (#4, Chinese President) and Angela Merkel (#6, Chancellor of Germany) Apart from politicians, central....