https://www.devdiscourse.com/a...taps-new-crypto-czar

The U.S. Justice Department has tapped a seasoned computer crimes prosecutor to lead its new national cryptocurrency enforcement team and announced on Thursday that the FBI is launching a unit for blockchain analysis and virtual asset seizure. The creation of the "virtual asset exploitation" unit at the FBI comes on the heels of the Justice Department's largest-ever financial seizure.

The U.S. Justice Department has tapped a seasoned computer crimes prosecutor to lead its new national cryptocurrency enforcement team and announced on Thursday that the FBI is launching a unit for blockchain analysis and virtual asset seizure. The creation of the "virtual asset exploitation" unit at the FBI comes on the heels of the Justice Department's largest-ever financial seizure. Earlier this month, it charged a married New York couple with allegedly laundering bitcoins now valued at over $4.5 billion that were stolen in the 2016 hack of the digital currency exchange Bitfinex.

U.S. regulators under President Joe Biden have been ratcheting up their scrutiny of the crypto industry in the wake of a series of high-profile cyberattacks last year on the largest U.S. fuel pipeline network and the world's largest beef supplier. Ransomware groups often demand their fees in bitcoin. In a speech at the Munich Cyber Security Conference in Germany, Deputy Attorney General Lisa Monaco announced that Eun Young Choi, a prosecutor who led the case against a Russian hacker who helped steal information about more than 80 million JPMorgan & Chase Co customers, will lead the department's cryptocurrency enforcement team.

I'm telling you, this government is terrified of people opting into Crypto currency in large numbers and opting out of the dollar.

They are more worried at the amount of money they will not be stealing from people in the form of taxes.

It’s not just our .gov; you can bet mumbling Joe and his administration are in communication with the rest of the globalist elite to stamp out that which they cannot control or tax the hell out of.

There are a couple of interesting elements here. First, crypto, especially bitcoin seems be the coin of the realm for international crime. This is actively hilarious given how incredibly traceable cryptocurrencies are, by design. So the FBI is just exploiting this characteristic.

As people have said, crypto, at least non-governmental cryptocurrencies are doomed the moment the big world governments decide they're a threat to national sovereignty.

The flip side of both of these is that the US and likely other national government are at some point likely to eliminate paper cash, and convert their currencies to a government issued cryptocurrency. Remember how I said how utterly traceable it is?

Good for them.

I wonder where they are going to get the expertise - they can’t connect the dots on a kids coloring book

All of the above may be true, but as pointed out by BBMW, these things are massively used in the drug trade, money laundering, etc. To some extent it is security by obscurity for the criminals since, as also pointed out by BBMW, the data to trace it is there.

It’s about government power vs. privacy.

Personally, I’d much prefer complete privacy, than government oversight on all transactions.

Oooh, a "crypto czar". Sounds like some some shit out of a Batman comic book.

quote:

Originally posted by Aglifter:
It’s about government power vs. privacy.

Personally, I’d much prefer complete privacy, than government oversight on all transactions.

Which is why we must never allow cash to go the way of the dodo.

quote:

Originally posted by gearhounds:
It’s not just our .gov; you can bet mumbling Joe and his administration are in communication with the rest of the globalist elite to stamp out that which they cannot control or tax the hell out of.

You can guarantee there will be a summit to get world leaders on board to stamp this out. Yes taxes are one of them, tracing what everyone is doing with their money is another but the biggest is the financial elites have had it too good for too long and there’s no way they’re going to lose control of the golden goose.

I am fully prepared to open my crypto currency books to our insect overlords. Nuttin'! Bupkus! Zilch!

What they're gonna need soon is the "gold coins hidden under the loose floor tile in the cellar czar."

yes anyone who ever thought the governments of the world were going to let trillions of dollars of 'currency' circulate throughout the world unregulated / untaxed / untracked was delusional

of course it is taking some time for them to catch up. the roller coaster will continue. (i personally remain on the sidelines wrt
crypto -- i enjoy watching the fray in this instance)

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Why is the guy always called a “tsar” . Can’t we call him something that sounds something other than a Russian

quote:

Originally posted by MikeinNC:
Why is the guy always called a “tsar” . Can’t we call him something that sounds something other than a Russian

They're trying to get us comfortable with those types of titles.

No doubt this was initiated quite a few months back, the coincidental issue is that the Canadian Truckers, after being stopped from public donations, then their bank accounts stripped, have been offered bitcoins to finance their peaceful demonstration.

So, of course it's time for the FBI to finally step in to stop terrorist financing!

As far as crypto, any .gov regulation is for control, to make it bend the knee to bureaucrats. Like, 80% lowers needing serial numbers. Forcing reports and annual accounting it just a step toward harvesting taxes, along with arrests and convictions to put fear into handlers to conform.

I believe we went thru that loop when banks printing their own money were put to the strap and only .US could print it. Meanwhile those with gold watched the shenanigans from the sidelines.

Lather rinse repeat and we are now doing it again.

Remember, never buy paper silver, only deliverable. If it's sitting under the tiles in your house, it exists, not the three times oversold empty vaults.

quote:

Originally posted by Tirod:



Remember, never buy paper silver, only deliverable. If it's sitting under the tiles in your house, it exists, not the three times oversold empty vaults.

i buy copper / lead / brass in several varieties

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quote:

Originally posted by Graniteguy:

quote:

Originally posted by MikeinNC:
Why is the guy always called a “tsar” . Can’t we call him something that sounds something other than a Russian

They're trying to get us comfortable with those types of titles.

While it's copying the Slavic title of sovereignty used by the emperors of Bulgaria, Serbia, and Russia (Czar/Tsar = Caesar), "Czar" was adopted by the US media when referencing powerful political positions (generally executive branch appointees) over 100 years ago beginning in the 1900s and 1910s, before WW1 and before the Communist takeover of Russia and formation of the Soviet Union.

quote:

Originally posted by RogueJSK:
copying the Slavic title of sovereignty used by the emperors of Bulgaria, Serbia, and Russia (Czar/Tsar = Caesar)

And the Germans. "Kaiser" pronounced in German is pretty close in sound to the way the Romans would have pronounced "Caesar" in Latin.

quote:

While it's copying the Slavic title of sovereignty used by the emperors of Bulgaria, Serbia, and Russia (Czar/Tsar = Caesar), "Czar" was adopted by the US media when referencing powerful political positions (generally executive branch appointees) over 100 years ago beginning in the 1900s and 1910s, before WW1 and before the Communist takeover of Russia and formation of the Soviet Union.

I did not know that nor would I have guessed that.