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.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.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.Cryptocurrencies is the future, and we should not let our guard down allowing criminal elements to exploit it.