FinCEN fines $60M bitcoin mixer Helix for money laundering

[VESTANON]

Volatility on a whole‍ new other level...2020 seems like the whole planet went through a 3worldwar...looking at it from⁠ another dimension, This was a 3worldwar of soughts without Guns And Armours Blazing....cig-:,

@Martin Everson⁤ something tells me you must have forseen this and already executed all precautionary measures...

 

[Martin Everson]

Yes the attack on crypto is going to intensify. I honestly dont know how far‌ things will be taken. A ban is not possible but eliminating exchangeability to fiat via‍ banks may be possible. Crypto needs to swim on its own without this constant pricing⁠ in fiat currencies.

 

[NicolasMaduro]

Imo there isnt any future for non regulated or non traceable crypto currencies.

 

[VESTANON]

Like the saying goes,(where there is a will, there is a way)...from‍ the current financial scenario globally, crypto cant be stopped,....

We all just got wind of⁠ paypal adopting crypto,that right there, is a major trigger/indicator to whats ahead concerning the relevance⁤ of crypto Globally...(imagine what it took for paypal to get such operations to fruition/into reality)...and⁣ we all know paypal is Global.

Inrelation to the above, systems would evolve/services would emerge/⁢ a ready market already exists that would circumvent all efforts to make crypto traceable..the basic︀ DNA for crypto was: No control,Non regulatory,purchase freedom,decentralized etc, and based on all this factors..crypto︁ is here to stay and whatever side you choose,Crypto Is Symbiotic..

NB: over decades before︂ now FIAT went through situations where controls,policies etc were enacted to curtail and control currencies,︃ but yet we had and still have ways of moving FIAT,trading purchasing, across the Globe︄ anonymously despite decades in the making..
(Long live Crypto Anonymity)...cig-:,

 

[JackAlabama]

I see that in a similar⁤ way.
I fear the hysteria in 2020 might invoke some hot headed measures but on⁣ the other hand, many rich folks filled their pockets and thus will influence the political⁢ process with greasing and consulting.

After somme browsing of the matter, I see the following︀ being played out right now.
They try to divide the market under the guise of︁ the travel rule.

Entrap crypto inside "trusted" institutions. For example, paypal / revolut do not︂ let you take custody of crypto. It is held inside the app and cannot be︃ moved outside.
The "anally retarded" swiss follow that practice too thus effectively trying to herd︄ everyone in some institutions with licensees thus even beating the fatf travel rule in strictness.︅

They play right into game theory. By doing this, they increase the winning pot of︆ any other place willing to not doing it.

 

[VESTANON]

Yup bulls eyes...thats exactly what the paypal move was all about..︄thu&¤#

 

[Saho]

Monero is probably the most-used non-traceable crypto currency, but has something interesting‍ going on: CCS - Monero Atomic Swaps implementation funding

Monero will probably have a future⁠ by then.