Cryptocurrency Is Just a Minor Threat to the State
States still have the armies, the police and – on a good day anyway – democratic legitimacy. All of that still matters, and will for a long time.
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The United States government just can't quite decide whether to regulate bitcoin, or deem it a threat by declaring it a form of financial terrorism. The digital currency regulated only by mathematics is now being seen by government officials as an emerging threat, possibly to national security. According to IB Times, a counterterrorism program being conducted by the Combating Terrorism Technical Support Office (CTTSO), a division of the Department of Defense (DoD), is seeking help from vendors asking for information on "state-of-the-art technologies" that could potentially pose a threat to....
The Organizers of Bitcoin in the Beltway created the conference to confront government threats to cryptocurrency head-on, so most of the presentations have reflected this mission. However, Bitcoin and other cryptocurrencies face just as many internal threats as internal threats, many of which are related to mining and centralization. Ethereum founder Vitalik Buterin sought to remind the community of this fact in his Bitcoin in the Beltway Speech. Buterin gave a candid presentation about the state of Bitcoin mining in which he blamed the Bitcoin Foundation for not being proactive about....
The French Ministry of Economy and Finance has said that, while bitcoin is not officially recognized by the state, revenues generated from digital currency transactions are subject to taxation. However, under French law, there exists a certain margin of tolerance for minor and irregular revenues for those who do not make their living from bitcoin trading, according to the ministry. "For the time being, there is no declarative obligation in what concerns bitcoin," a spokesperson for the French ministry told local daily Le Monde, explaining: "All taxpayers are required to declare all their....
The cryptocurrency revolution steadily marches on. While it has yet to completely reshape the financial and other systems of everyday life, crypto acquisition and usage grow yearly. There is so much to love about cryptocurrency. From its decentralized and democratic nature to the higher levels of security it can provide through the blockchain, crypto is changing the world around us. Unfortunately, as with so many other digital world areas, hackers have found a way to exploit innocent user’s computer resources to mine cryptocurrency. This means whether you’re a diehard crypto....
The state of bitcoin’s legality in Russia has been shaky over the past couple of years. Reports of bitcoin bans, jail sentences for holding cryptocurrencies, and other regulatory policy headlines have spread like wildfire. Throughout many of these stories Russia’s Deputy Finance Minister, Alexey Moiseev, has often shared very bi-polar messages concerning....