- Dec 3, 2017
Is that the logic Crytpo exchanges are going to make their case?With that logic we should have banned internet.
Only someone who has no idea about crypto would act like this.
Let me make a simple and already happened instance and wait for a convincing reply.
How to trace a extortionist from a foreign country who asks for funds in exchange for stolen goods/information/security details if that extortionist lives In foreign country with loose KYC regulations? How will law enforcement trace such guys?
Reason- able to maintain their anonymity, hence all the more reason to ban it. Further how are you going to convince FATF that GOI did became a unwilling partner in crimes by financing terror and hawala dubious transactions?Politicians and Businesses are already using them to hide their black money.