Bitcoin Forum

 Base on the news that I read, new development for the the crypto in the US has occurred as the President of the United State, Donald Trump signed an executive order to established a task forces against financial fraud. The task force is the is the first of its kind with a emphasis on the misuse of crypto currency. :)

can I request a news link? sorry I do not understand in interpreting your words, I want to check the original news for me to read, hopefully you do not mind

Crypto is so filled with scams and is used for money laundering.
It's the greatness of the Trump government and the support towards the technology that they haven't yet gone for a blanket ban of cryptos.
Ironically, Cryptos needs local government involvement for survival.

I think that's good, because then it will be very difficult for criminals to carry out their actions and besides that there are many things we can calm down with a cool heart.

It's responsibility of the government to protect the interest of its citizens and crypto is rising as a challenge to universal economic order with its anonymous nature, is a favorite payment methods for scams, ransom, corruption, money laundering and investment in terrorism. This is disrupting the use of cryptocurrency as a monetary unit.

Crypto world has gained massive popularity. Many people are investing on it and giving their valuable time. So it is quite good that US government is giving importance to its security. The scams are needed to be stopped.

It would have been better if you posted the link here. Anyway, if this is indeed true, I think it will be good for the industry to weed out all the bad apples. I am not just sure it that task force is capable of handling crypto fraud.

I think it is a good decision from Mr. President Donald Trump. Crypto currency is the future so it is very important to do everything for its betterment. And from my point of view crypto world is needed to be maintained by government.

For once, it is a good thing that a task force is being enforced to monitor any unusual activities or anything suspicious. But we also need to verify the authenticity of such news, which was not provided in this post.

I haven’t seen the news yet. But it is a good news for all of us. Crypto world needs some moderation to find out frauds. Because there is lots of frauds in the crypto market which is harmful for all of us.

Athough I haven't heard or read about this news but I believe it is a good development as this will help to reduce the rate of scam and frauds in the crypto community and the market will be a better place for investors and the rate of manipulation in price will also be reduce.

indeed it must be against the misuse of the crypto currency because it can make the price of the crypto currency unstable so this is the right step for America in a democratic country

According to the news, president Donald Trump has signed a task force which investigates the fraudulent cases. The task force will also investigate the frauds related to the cryptocurrency. I think it's a good initiative and with this step the rate of frauds might decrease as well.

Here is your proof link
https://www.businessinsider.nl/president-donald-trump-task-force-cryptocurrency-fraud-2018-7/?international=true&r=US

and

https://www.whitehouse.gov/presidential-actions/executive-order-regarding-establishment-task-force-market-integrity-consumer-fraud/

YW

Though I am not sure if the news is true as no source is mentioned. But if it is true then I think this will be a great step taken. Because scam has become a major issue in cryptocurrency and such force against fraud can help much.

Actually based on crypto market there are lots of scams and news which is irrelevant based on this there is no link is given which indicates that this news is from true source based on this we should believe in trusted news so we can avoid such types of news.

Its a good thing as far as I'm concerned. This whole space is full of scammers and thieves and the only reason it is like that is because there is currently no incentive to stop them doing it. If Trump's A-team manage to take some of these scammers out then it can only be a good thing for crypto as a whole. Things like Bitcoin are too robust for them to shut down even if they wanted to so I dont see it as a threat at all.

Well, without reliable source, I can't say anything for sure.
But I feel this as a positive thing, as cryptocurrencies shall not be used for anything fraudistic in nature. Even if this means control over the crypto world.

This is required to some extents. And if the government gets involved in crypto monitoring, I think BTC and other ETH prices will also rise. So better for us for sure.

Anti fraud task force are more essential for crypto currency. it also protect from many destroy. i think it will be perform better. crypto people are benifited by anti fraud task froce. I want to know about it.

From my point of view every government should do it. The government main duty is to protect the citizen interest. Crypto market increase day by day so many people try to use it in different purpose. Crypto market will run smoothly if government will take this types of steps in future.

This can help eliminate phishing scams.
However, governments increasingly concerned about crypto, and they can take measures to deal with crypto.
Will this have a major impact on cryptocurrency?

Cryptocurrencies are a great tool for fraud and money laundering. I am not sure about this news, but even if it is not true, it would still be logical to assume that there are special bodies that deal with these issues.

If this is true that is really good news. Now lots of people are being scammed in crypto market. If he really take that step hopefully misuse of crypto market will be reduced.

Its a good thing as far as I'm concerned. This whole space is full of scammers and thieves and the only reason it is like that is because there is currently no incentive to stop them doing it. If Trump's A-team manage to take some of these scammers out then it can only be a good thing for crypto as a whole. Things like Bitcoin are too robust for them to shut down even if they wanted to so I dont see it as a threat at all.

It is good news for President Donald Trump to sign an executive order to establish a working group against financial fraud, so that criminals can be cracked at any time to curb their actions and make the cryptocurrency market healthier.