EFF to FinCEN: Stop Pushing for More Financial Surveillance
I believe privacy advocates needs to be more involved in the financial sector for there to be any meaningful change and provide counter proposals to balance.<p>The problem now is that a lot of cryptocurrencies are prime targets for money laundering, financing organized crime and terrorism networks. I often get shat on when mentioning that, especially by loud proponents of cryptocurrencies, but it is a real issue that must be resolved.<p>Our old-fashioned bank system is far from perfect but it is harder to do illegal things unnoticed, banks report thousands of cases to authorities every year.<p>Cryptocurrencies is the future, and we should not let our guard down allowing criminal elements to exploit it.