Crypto currencies have not yet arrived in the middle of society. However, we can already see that they will no longer disappear into the depths of the Internet where they came from. This realisation seems to be slowly coming to fruition in the established financial world as well – and the treasury is also awakening.

How do you intend to combat Bitcoin news?

If you look closely, you will slowly see movement on the regulator side on The EU adopts requirements for crypto exchanges according to which customer data must be stored for up to 10 years. The financial authority in Japan, FSA, does not grant licenses to Exchanges that have listed private Bitcoin news. The pretext for regulation is to prevent money laundering and terrorist financing. They want to gradually de-anonymise crypto currencies in order to bring the new technology under control. The fight against decentralised technology has begun.

The dirty Bitcoin news

Even though the first purchase with Bitcoin news today (22.5.2018) eight years ago was two pizzas, the use of digital money did not remain so innocent for long. On the Darknet Market “Silk Road” one could buy all possible (and impossible) things almost one year later: Drugs, weapons and other illegal goods were available for sale. All this happened via the Internet – or rather Darknet – without any state control. Even after the Silk Road was spectacularly exposed and stopped, trade in illegal goods could not be stopped. Similar to the heads of the Hydra in Greek mythology, new pages simply grew out of the Internet. The market could not be stopped.

Nevertheless, one often hears the argument that such markets should not be allowed. This statement implies a bureaucracy capable of keeping the economy under control. In other words, what is required is a monetary system which, in addition to its function as a means of payment, also assigns control over it to a central authority. Control means being able to see and allocate all payment flows, censor payments if necessary or even completely freeze/close accounts. Means of payment that are outside this control must not be permitted. This demand should not be accepted lightly, as it represents a massive intervention by the state in the economy and in the privacy of the individual.