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Recent Government Actions Against Crypto Ecosystem

By Keith Thuerk | New to Crypto's? | 18 Jan 2021


Recent Government Actions Against Crypto Ecosystem

Updated 1/19/21 Iran Reportedly blames Bitcoin miners for massive power outages across the country!

1/18/21 - Australian Bitcoin Trader Takes Banks to Tribunal After Sudden Account Closures - https://www.coindesk.com/australian-bitcoin-trader-takes-banks-to-tribunal-after-sudden-account-closures

1/18/21 Iran Reportedly Seizes 45K Bitcoin Mining Machines After Closure of Illegal Operations - https://www.coindesk.com/bitcoin-miners-seized-electricity-iran

1/6/21 Iran Shuts Down 1,620 Cryptocurrency Mining Farms - https://news.bitcoin.com/iran-shuts-down-1620-cryptocurrency-mining-farms/

1/18/21  India Seizes Bitcoins Worth $1.2 Million From Hacker of Government Website and Crypto Exchanges - https://news.bitcoin.com/india-seizes-bitcoins-1-2-million-hacker-government-website-crypto-exchanges/

1/15/21 South Korean court has sentenced the former CEO of the defunct crypto exchange Coinnest to 18 months in prison - https://news.bitcoin.com/ceo-sentenced-to-18-month-jail-term-for-accepting-bitcoin-bribes-to-list-a-cryptocurrency/

1/12/21 U.S. has sentenced a cryptocurrency exchange owner to 10 years in prison - https://news.bitcoin.com/cryptocurrency-exchange-owner-10-years-prison-multimillion-dollar-scheme-defraud-americans/

12/8/20 - SEC sues Ripple - https://www.sec.gov/news/press-release/2020-338

Add in a sprinkle of a Global Group such as IMF intervention - They bashed Crypto's w/ broad damaging statements last week which caused a large pullback. https://www.bloomberg.com/news/articles/2021-01-13/lagarde-blasts-bitcoin-s-role-in-facilitating-money-laundering

Summary - Don't get me wrong I see value in locking up racketeering individuals and firms, But wondering do you see any other patterns here?

Still in love with the whole Idea that CBDC's  are a great idea? Need more proof? 

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Keith Thuerk
Keith Thuerk

Currently learning about Crypto & DeFi to combat the Inflationary Tidal wave coming our way!


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