Cryptocurrency Called “Poor Form of Money” In Congressional Hearing

[Marcusbrown]

The U.S. Congress Subcommittee on Terrorism and Illicit Finance recently discussed some potential ways of terrorism financing using cryptocurrency, and This came to light after a press release on September 7.

@bittpress.com/cryptocurrency-called-poor-form-of-money-in-congressional-hearing/

[densuj]

The U.S. Congress Subcommittee on Terrorism and Illicit Finance recently discussed some potential ways of terrorism financing using cryptocurrency, and This came to light after a press release on September 7.

@bittpress.com/cryptocurrency-called-poor-form-of-money-in-congressional-hearing/

Well they just made own opinions about the cryptocurrencies, without learning more about cryptocurrencies, learning more about the benefits the technology behind of cryptocurrencies, they don't make research more about the potential cryptocurrencies in the future. They just see about the bad thing what will be done by bad people with cryptocurrencies, cryptocurrencies is neutral can be used for good and bad, it is like fiat money.

[PhiliPPs]

It seems that just recently they discussed crypto-currencies and said that they are practically not used as terrorists, maybe they are talking about this direction about the poor crypto currency!

[gribble]

The U.S. Congress Subcommittee on Terrorism and Illicit Finance recently discussed some potential ways of terrorism financing using cryptocurrency, and This came to light after a press release on September 7.

@bittpress.com/cryptocurrency-called-poor-form-of-money-in-congressional-hearing/

Well they just made own opinions about the cryptocurrencies, without learning more about cryptocurrencies, learning more about the benefits the technology behind of cryptocurrencies, they don't make research more about the potential cryptocurrencies in the future. They just see about the bad thing what will be done by bad people with cryptocurrencies, cryptocurrencies is neutral can be used for good and bad, it is like fiat money.

It turns out they were wrong, at least for now. According to witnesses who testified before the U.S Congress Subcommittee on Terrorism and Illicit Finance, crypto hasn’t taken root as the go-to financing method for terrorist groups who still prefer to use fiat. Technological incapability to utilize crypto at the basic level and the improved tracing methods were cited as among the top reasons that have made these groups shun crypto.

[Bobcrypto]

The U.S. Congress Subcommittee on Terrorism and Illicit Finance recently discussed some potential ways of terrorism financing using cryptocurrency, and This came to light after a press release on September 7.

@bittpress.com/cryptocurrency-called-poor-form-of-money-in-congressional-hearing/

Mr. Marcusbrown, without even reading the details of Congress discussion on crypto for funding illicit or criminal or terrorizing, these set of crimes has been in this world and were been funded before the arrival of cryptocurrency. In short, the popularity and success of cryto and the blockchain has been worrisome to many governments and nations of the world even certain individuals, and i think this may increase crypto awareness the more. In a nutshell, cryptocurrency and it's blockchain is the future of money in my opinion. Let wactch how all this drama will go. Thanks