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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U.S. state securities regulators have revealed that cryptocurrency investments are their top investor threat this year. “Before you jump into the crypto craze, be mindful that cryptocurrencies and related financial products may be nothing more than public facing fronts for Ponzi schemes and other frauds,” one regulator warned. Crypto Is the Top Threat for US Securities Regulators The North American Securities Administrators Association (NASAA) released its “annual list of top investor threats” Monday. The NASAA, formed in 1919, is a nonprofit association of....
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 CEO of cryptocurrency exchange Binance does not see central bank digital currencies (CBDCs) as a threat to cryptocurrencies, like bitcoin and ether. “It will validate the blockchain concept so that anybody who still has concerns about the technology will say: ‘Ok, our government is using the technology now,'” he opined.
CZ Sees No Threat to Crypto Coming From CBDCs
Binance CEO Changpeng Zhao (CZ) said Wednesday that he believes central bank digital currencies (CBDCs) are not a threat to cryptocurrencies, like bitcoin (BTC) and ether (ETH), Reuters....
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....
Denmark’s central bank governor Lars Rohde says that he can be tempted to ignore cryptocurrency, stating that it is not a threat to the central bank at present. However, he pointed out that the real threat could come from big technology companies “invading the currency area or the transaction means.” Denmark’s Central Bank Governor Tempted to Ignore Cryptocurrency Danish central bank governor Lars Rohde discussed cryptocurrencies on Bloomberg from Copenhagen on Wednesday. He was asked whether the central bank sees the rise in cryptocurrency trading as a serious....