- Dec 3, 2017
You can't carry cash above the allowed limit through customs/border control without proper identification and there is very high percentage of success in illegal money capture compared to Cryptocurrency which we don't have any idea who owns and utilizes for what ends. Cryptocurrency can't be mainstreamed till KYC rules are forced upon the industry globally at the same time. And even then also, it takes ridiculously crazy amount of computations to do what, just make money! That's what cryptocurrency is!!!Now imagine a bag of cash. how exactly would it be different?
The biggest ransomware ever was tracked and returned.
The Justice Department on Monday recovered some $2.3 million in cryptocurrency ransom paid by Colonial Pipeline Co, cracking down on hackers who launched the most disruptive U.S. cyberattack on record.www.reuters.com
Indian "conservatives" are showing the same behaviors as the pre 90's generation of socialists. Fear of technology. Let the west deal with those, close the borders and we will do our own thing.
Aside, nobody has responded to my query till now, that how do you think Indian law enforcement will trace such illegals, and try to bring them to the books which is second part, neither here nor in twitter post.