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


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

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