{[{item.pair.split("_")[0]}]} ${[{item.price.toFixed(4)}]}
{[{item.change24}]}%
{[{item.change24}]}%
+ Become a member of Interactive Crypto
+ Create a FREE Interactive Crypto Account to Access Premium Content
We’re sorry, but the content you are trying to access is for members only.
CREATE ACCOUNT
February 19, 2018 |
Joanna Newman | 0 Comments|528 Views
Get Into Cryptocurrency Trading Today
Faced with the growing success of Blockchain technology, many financial institutions are sounding the alarm about the dangers of cryptographic currency. Again, this past week, European authorities have released a warning to investors. Many of them wanted to draw attention specifically to a few main concerns.
The absence of any regulation and the fact the Blockchain allows transactions to be carried out anonymously could also have even more serious implications. According to experts, cryptocurrency is a perfect tool for criminals to finance terrorist activities.
Ever since the 9/11 attacks back in 2001, countless securities measures have been put in place by the United States to fight against terrorist activity. But now, with the creation of Blockchain technology, questions of national security have begun to emerge.
These days, concerns are apparent, especially to those who have been fighting against cybercrime such as Juan Zarate, former advisor to the Bush administration. The measures taken have been aimed at dissuading terrorist activities. But, with Blockchain’s anonymity, there are concerns that it could easily be used by criminals who are constantly working to undermine security measures.
According to Zarate, countries like Iran and North Korea are seeking ways to circumvent international sanctions and overthrow the entire global financial system. It should be noted that Zarate is not completely against the use of cryptocurrency. He supports the idea that the use of cryptographic money can be used to better personal and international exchanges of finance. He also adds that the US could use this technology to better their control of online transactions.
Currently, Zarate is worried that Blockchain technology could compromise anti-terror measures that have been put in place. However, the biggest fear is that the technology could be used by other countries to circumvent international sanctions.
According to his analysis, the United States is the least present on the international scene when it comes to countries benefiting from cryptocurrency.
Recently, a small Swedish startup company has obtained authorization to develop a program that will alleviate pressures felt in countries like Iran due to international sanctions.
Also, there have been reports that North Korea is in the process of starting a cryptocurrency war fund. South Korea has even accused the Northern country of having stolen billions of dollars when Youbit, a cryptocurrency exchange platform, was hacked back in December 2017.
On the other hand, representatives from the American Securities and Exchange Commission (SEC), and the Commodity Futures Trading Commission (CFTC) have concluded that the Blockchain only poses a minor threat to national security, at least for the moment.
However, if nothing is done, this could be a major problem for US states who don’t have very many measures in place to control and regulate the use of Blockchain technology.
All COINS
TRENDING
WATCHLIST
Market Cap {[{ marketcap }]}
Symbol
Price
Change
Chart
Trade
{[{ item.pair.split('_')[0] }]}
${[{ item.price }]}
{[{ item.change24 }]}
{[{ item.change24 }]}
Market Cap {[{ marketcap }]}
Symbol
Price
Change
Chart
Trade
{[{ item.pair.split('_')[0] }]}
${[{ item.price }]}
{[{ item.change24 }]}
{[{ item.change24 }]}
EU and USA Warn Against the Dangers of Cryptocurrency
Faced with the growing success of Blockchain technology, many financial institutions are...
Legit Sites for Crypto Mining
Two of the reliable ways to acquire crypto are through mining or purchasing. Most of the coins...
Free & Fast BTC Mining
The more Bitcoin becomes popular, the more miners it attracts. Mining the coin comes with...
Cryptopay.me
Updated, Apr 04,...
CoinSwitch, The Aggregator Enabling Users To Find, Buy And Exchange Cryptos
There has been an exponential increase in the number of cryptocurrencies as well as exchange...
1 DOGE to USD | What is Dogecoin, Exchange Rates?
Dogecoin (DOGE) is, according to the official website, a decentralized and “open-source...
Plus500
Risk warning: 80.5% of retail investor accounts lose money when trading CFDs with this...
EOS Price Soars by 30% as eosDAC Release Date Approaches
While cryptocurrencies have seen a severe slump in their values during last few months, against...
Best 10 Cryptos to Invest in 2020
Investing in crypto takes time. Besides being a new medium of exchange, several coins available...
Free & Fast BTC Mining
The more Bitcoin becomes popular, the more miners it attracts. Mining the coin comes with...
What Are the Disadvantages of Bitcoin?
Does Apple accept Bitcoin?
Can I buy house with Bitcoin?
Can I transfer Bitcoin to my bank account?
What companies use cryptocurrencies?
Is Ripple The Cryptocurrency of 2018? - In Depth Review of Ripple XRP
What Is Ripple? / DefinitionRipple is a name for a cryptocurrency denoted by Ripple XRP and it's als...
Is IOTA Going to Overtake Bitcoin and Other Cryptocurrencies? - IOTA (MIOTA)Review
Verge Review
Binance Review
Dogecoin Review
LegacyFX
Many forms of cryptocurrency and altcoin trading are available in today’s financial markets. A...
Excentral
Risk warning: CFDs are complex financial products. They have a speculative character. Trading in...
EagleFX
EagleFX is one of the latest forex trading brokerages to join the sector. It got founded back in...
Vantagefx
VantageFX is a leading Australian forex broker that specializes in ensuring the complete and ful...
Xtrade
Xtrade is one of the most popular financial trading sites in the world. Started over a decade ago, t...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
Cryptopay.me
Updated, Apr 04, 2020 Cryptopay is a revolution for Bitcoin users. This platform offers its custo...
Mycelium
MyCelium is an application for Mobile that offers many possibilities of security and confidentiality...
COMMENTS
0 Comments
Like this article