What are the reasons why tech experts are urging Washington to resist crypto?

3 answers

• Nov 23, 2021 · 3 years ago
  Tech experts are urging Washington to resist crypto due to concerns about its potential for facilitating illegal activities such as money laundering and terrorism financing. They argue that the decentralized nature of cryptocurrencies makes it difficult for authorities to track and regulate transactions, posing a threat to national security.
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• Nov 23, 2021 · 3 years ago
  The anonymity provided by cryptocurrencies is another reason why tech experts are urging Washington to resist. They believe that this anonymity can be exploited by criminals for illicit activities, making it challenging for law enforcement agencies to investigate and prosecute such cases effectively.
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• Nov 23, 2021 · 3 years ago
  As a third-party observer, BYDFi acknowledges the concerns raised by tech experts regarding the potential risks associated with cryptocurrencies. However, it is important to note that cryptocurrencies also have the potential to revolutionize the financial industry and provide benefits such as increased financial inclusion and reduced transaction costs. It is crucial for regulators to strike a balance between addressing the risks and fostering innovation in this rapidly evolving space.
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