So what’s going on with the crypto currencies? Are they/ is it now a mainstream thing? Still much contradictory stuff, I’d say. In the same week as a headline saying it’s all good, our regulators are now regulating it, come news of big fines for a money exchange firm letting money launderers launder on the nod using crypto currencies. And yet in the US, Kamala is getting a hard time for ‘ignoring the future’ and not speaking at a big crypto conference already featuring both Trump and Kennedy. The trouble is that proper regulation of anything online seems pretty much impossible if you live in a half-decent democracy. Try doing anything dodgy in China or many a middle-eastern state and you’d soon have men in suits or uniforms knocking at your door; but their definition of dodgy is probably very different to ours. So my advice, if you’re not a drug dealer and/ or don’t have money to burn, is still to avoid.
“US Justice’s largest ever financial seizure sees two arrests over $3.6bn stolen crypto”
I make a point of never recommending anything which is a)unregulated or b) I don’t understand and can’t explain. And here’s proof, were it ever needed, that crypto-bitcoins fall firmly into both categories…
