Altcoins Talks - Cryptocurrency Forum

Further Discussions => Legality & Taxation of Cryptos => Topic started by: sirty143 on February 16, 2024, 07:20:55 AM

Title: Treasury Official Confirms Crypto Isn't a Popular Tool for Terrorists — Says The
Post by: sirty143 on February 16, 2024, 07:20:55 AM

Treasury Official Confirms Crypto Isn't a Popular Tool for Terrorists — Says They 'Prefer Traditional Products'

U.S. Department of the Treasury’s Under Secretary Brian E. Nelson has confirmed that terrorists’ use of crypto remains a small fraction of more established mechanisms to move money... See more for yourself here (https://news.bitcoin.com/treasury-official-confirms-crypto-isnt-a-popular-tool-for-terrorists-says-they-prefer-traditional-products/).

Your opinion is greatly appreciated.

Title: Re: Treasury Official Confirms Crypto Isn't a Popular Tool for Terrorists — Says The
Post by: joniboini on February 16, 2024, 02:33:22 PM

I remember this trending on Twitter a few days ago. Some people don't believe it while others claim that even if it is just a small amount, it still needs intensive scrutiny. Most of them miss the point that fiat or other means are still popular though. I don't think this is surprising for people who are familiar with crypto since most of them don't offer anonymity, to begin with, not to mention liquidating them to fiat will definitely need interaction with a KYC platform or something similar. At the very least, this should be a good argument against anyone who believes crypto is this devilish tool that will definitely get abused (or designed for) criminal activity like this.

Title: Re: Treasury Official Confirms Crypto Isn't a Popular Tool for Terrorists — Says The
Post by: Zed0X on February 22, 2024, 02:10:26 PM

Unfortunately, this information will be ignored by the people who are pushing hard for crypto regulations. None of the regulators would openly admit that, despite the strict measures, terrorists can still bypass them.