Tuesday, January 30, 2018

And more bitcoin news

Daily Express - South Korea shutting down Bitcoin. Or, rather, they're getting rid of its only source of demand:

Speaking to BBC Radio 4's Today programme, Mr Taylor continued: "I’ve seen various estimates that between 20 and 30 percent bitcoin trading has been through South Korea at some point. Same for Ripple and some of the other key currencies.

"They were holding currency on behalf of anonymous actors. What South Korea has now said is ‘we think there could be fraud, we think there could be money laundering.’ All kinds of bad activity could be happening.

"If we prevent anonymous people from being on these exchanges then maybe we can reign in some of that."

New regulatory noise emerging from New York will concern wallet holders with Fortune reporting that Federal judges in Brooklyn, New York, are about to rule on the question of what exactly bitcoin is and whether it can be regulated.

Don't they understand that criminals are the only demand out there for cryptocurrencies?

Well... and stupid libertarian idiots. But mostly criminals.

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