Will Cryptocurrency fall under the jurisdiction of law enforcement and security agencysteemCreated with Sketch.

in #cryptocurrency7 years ago

Cryptocurrencies are seen as untraceable currency, which has some truth to it. There is currently not a way to identify coin owners by an identification card or system as the process is anonymous and transactions are not under the jurisdiction of any law enforcement agencies or security teams. A crypto currency address is a way to facilitate transactions through the blockchain.

Cryptocurrencies are often stored in wallets on the internet or computer systems in encrypted formats, which makes it hard for spying agencies to determine the amount of wealth you have in crypto.

Since large corporations and other influential groups in society are slowing adapting crypto currency, do you think they will implement ways to ID crypto currency owners?

Do you think transactions will remain anonymous without identifying users?

Do you think cryptocurrency will continue to operate without the jurisdiction of law enforcement and security agencies?

What if these things come to pass, will you remain crypto currency investor?

These are questions and issues about cryptocurrency that will arise as we go forward, as cyber criminal uses these systems as payments.

Let me hear your take on the matter.

Sort:  

Just at a conference on this question -

In short term no. 3-5 years they will attempt to regulate.....It will be funny watching them try.....

My fav projects to date (only listed if i understand the project not the hype)

  1. ETH
  2. BTC
  3. LTC
  4. XRP
  5. SIA
    To Donate :)

BTC Wallet - 1KmQv2oDbnGMwZG1Wcxy9P216Te8jLm6QW

ETH Wallet - 0xDd464328A8dB6424C3C09E21c767c086245F0145

Coin Marketplace

STEEM 0.15
TRX 0.17
JST 0.028
BTC 68866.74
ETH 2459.40
USDT 1.00
SBD 2.41