USA's war on Cryptocurrency

in #news7 years ago (edited)

There has been recent news of SEC clamping down on crypto ICO's in US and alot of the new ICO's stipulate that US citizens just can't participate in them, because of all the rules and regulations.

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President Trump has taken it one step further just recently signing into effect a new bill on foreign sanctions with a hidden mandate stating the government's under sanctions ie. Russia Iran and North Korea need to be closely monitored on their cryptocurrency usages.The mandate has been slipped in under the guise of "financing of terrorism from illicit finanaces" through means such as "Cryptocurrecy".

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This, coming days after President Putin announced he would be building a 100 million dollar crypto mining facility.

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The US needs to stop trying to police the world and worry about their own home grown problems, here is a good bill stop allowing your federal reserve to type into existence as much money as they want to fund your deep state terrorists and then holding your citizens at ransom to pay the interest on that (created out of thin air stuff you call real money) which they are using to fund their terrorist organisations...

Sources
https://www.bloomberg.com/news/articles/2017-08-08/putin-s-aide-seeks-100-million-to-rival-china-in-bitcoin-mining

https://www.technocracy.news/index.php/2017/08/13/u-s-sanctions-mandate-foreign-governments-monitor-cryptocurrency-combat-terrorism/

https://www.coindesk.com/us-congress-announce-study-virtual-currency-link-terrorism-today/

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Zeitgeist of fear. You speak of terrorists and they are in the news daily

Printing money out of thin air? I do understand what you mean, if you mean is printing money at will...that needs to stop, but at least the process is managed.

Maybe the central banks should exchange for bitcoin or a crypto currency designed to not be affected by inflation...

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