“According to the article, the main impetus for buying cryptocurrencies are either for criminal activities, creating a sense of community, security against ‘real or imagined’ state oppression, and the thrill of trading.”
“‘We should prohibit U.S. persons from buying or mining cryptocurrencies,’ the California Democrat – whose largest donor is credit card processor Allied Wallet – declared.”
Read more: https://www.coindesk.com/u-s-congressman-calls-for-national-ban-on-crypto-ownership/
“The most telling thing about the entrapment prosecution is the sentencing memo, which blatantly lays out the feds’ fear and contempt for any attempt to keep a financial transaction private, whether or not anything inherently illegal is happening.”
Read more: https://reason.com/blog/2018/07/17/entrapment-prosecution-of-bitcoin-exchan
“At the intersection of programming, economics, cryptography, distributed systems, information theory, and math, you will find Vitalik Buterin, who has managed to synthesize insights across those fields into successful, real-world applications like Ethereum, which aims to decentralize the Internet.”
“More than 20 percent of college students use their financial aid money to invest in cryptocurrencies, according to new findings by The Student Loan Report, a website for student loan information.”
Read more: https://www.cnbc.com/2018/03/23/college-students-use-financial-aid-money-to-invest-in-bitcoin.html
“No research was done and no panel formed by the banking regulator before coming down heavily on the exchanges.”
Read more: https://qz.com/1321076/bitcoin-ban-how-rbi-choked-indias-cryptocurrency-ecosystem/
“Blockchain technology could allow for bonds selling at $5, $10 or $25 each, perhaps with tokenized interest payments, while simultaneously increasing transparency.”
Read more: https://www.coindesk.com/california-citys-blockchain-token-definitely-maybe-happening/
“The original Liberty Dollars were promoted by the issuer to be used in commercial transactions as an alternative to federal currency, including Federal Reserve notes. Liberty Dollars eventually drew the attention of federal authorities, who filed criminal counterfeiting charges against Bernard von NotHaus.”
“In a formal address to Congress, the U.S. Secret Service issued a stern warning regarding the illicit use of digital currencies that could have severe implications for possible future legislation.”
Read more: https://bitsonline.com/u-s-secret-service-to-congress-address-criminal-use-of-cryptocurrency-now/
“The core of the operation was an online money-laundering business seized by agents from Homeland Security Investigations and operated as a sting for over a year. By offering cash for bitcoin, HSI agents were able to identify specific drug dealers, ultimately tracing more than $20 million in drug-linked cryptocurrency transactions.”
Read more: https://www.theverge.com/2018/6/27/17509444/dark-web-drug-market-money-laundering-hsi-dark-gold