Digital Currencies: A Bit of Push Back

January 11, 2018

The Beyond Search and Dark Cyber research teams have been watching the great “avoid regulated currency” movement. Our view is that when bad actors have access to something which makes their life easier, regular folks may want to look both ways before crossing the street. We noted this article today:

South Korea Plans to Ban Crypto currency Trading, Rattles Market

Our view is that this type of nation state action will pick up steam. There are tax implications, of course. But digital currencies are almost purpose built to make authorities nervous. Toss in the benefit of mostly untraceable use of digital currencies to buy contraband, and you have a cattle prod for government entities. Once these folks get rolling, it may be difficult to slow their regulatory and enforcement momentum. Just our view from Harrod’s Creek.

Stephen E Arnold,  January 11, 2018

Comments

One Response to “Digital Currencies: A Bit of Push Back”

  1. Bitconnect is becoming one of the most interesting investments in the history of the world. Bitconnect is paying out up to 40% returns per month, join now to see a great return on investment. on January 11th, 2018 9:47 pm

    Hmm it appears like your blog ate my first comment (it was super long) so I guess I’ll just sum it up what I had written and say, I’m thoroughly enjoying your blog. I as well am an aspiring blog writer but I’m still new to the whole thing. Do you have any tips and hints for novice blog writers? I’d really appreciate it.

Got something to say?





  • Archives

  • Recent Posts

  • Meta