internet regulation and the effects on cryptocurrency.

After reading and writing about internet regulation in the UK and how Theresa May and her government are hastily trying to get it passed and in law making the UK the first country to regulate cyberspace and hopefully all countries will follow suit, I have had a really weird feeling that I have been missing something, especially with regards to why they are doing it so shadily.

They are claiming it is for extremism and terrorism purposes (hey isn't everything nowadays) but all week I have been saying to myself it just adds more control to big brother that's why they are doing it, however I still had it on my mind as I wasnt completely satisfied. Then last night I read a couple of things on here and a news article on facebook popped up about half an hour later and thats when it clicked.

I kept asking myself why are they pushing it so quickly, it was a day after the terrorist attack last month and she was all over it, almost the first sentence out of her mouth, yet no proof or evidence that the terrorist attack had anything to do with the use of the internet, if it was just about adding more power to big brother why are they so desperate to control it that bad. The answer is the rise in crypto currencies and the effect it is having on the city of london and the british economy as a whole.

I know you probably think I am talking shit, but think about it for a second, look at the rise of crypto in the past 3 -5 years and then look at what they are proposing, it is that every single individual person has a internet log on that they use to connect to the internet regardless of provider of wifi, once a device connects in order to operate that device on the internet they want to know who is typing or operating the device and what their id number is. They will then use all that info to find out whether you are a danger to the public or not, or at least that is what they are saying. But what they are also finding out is every single person who is laundering money or not paying taxes when making profit in cyberspace, every dodgy car dealer selling a car on ebay or gumtree and every single person who has investments in cyber currency and if they are paying taxes on the huge profits they have been making for the past however many months or years. As soon as they have you nailed down the taxman will come knocking and assets from ill gotten gains will be getting seized.

What do you think? Sound crazy?

Thanks for reading :)