Crypto and Crime In Context Regulation of digital assets is advised
Well cryptocurrency of recent has been easily tied to fraudulent and terrorist activities, looking at the significant role it played during the geopolitical war between Russian troops and it’s neighboring country early this year. Digital asset by far is one of the quickest and easiest way in which support and financial aid are given to the affected party during the war.
The most recent one which has got every one worried about cryptocurrency regulation is the fundraiser which is said to the funding terrorism. There’s no doubt that some sort of regulation has to be in place, in other for some sanity in the space. Talking about the crypto-crime context has the US House financial committee tag it, from a bipartisan member who goes by the name French Hill sighting from the Wall Street Journal report on crypto - “Phone and the internet aren’t to be blamed for terror financing, and crypto shouldn’t either.”
The aim for regulation and collaboration of these digital asset, is to fight against bad actors in the industry not totally which we all know it’s going to be difficult but the possibility of reducing it to the nearest minimum is possible.
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