7.09.2021

Ransomware and Cryptocurrencies

 I don't see how world governments can let this go on much longer.

The Oncoming Ransomware Storm

"Cryptocurrency exchanges are the channel by which all the illicit funds in this epidemic flow. And it is the one channel that the US government has complete power to rein in and regulate. The free flow of money from US banks to cryptocurrency exchanges is the root cause of this pandemic and needs to halt. Through sanctions, control of the SWIFT network, and our allies in NATO the federal government has all the tools to put a stop to these illicit flows. Nothing of value would be lost by shutting off the spigot of dark money and darknet trade. Cryptocurrencies are almost entirely used for illicit activity, gambling and investment frauds, and on the whole have no upside for society at large while also having unbounded downside and massive negative externalities."

No comments:

Post a Comment