At the Symantec Government Symposium in Washington DC, FBI Director James Corney released the agency’s strategy to “break” data encryption methods in 2017. Leading economists including Nobel-winning Joseph Stiglitz have also praised the government’s efforts of “shutting down” cryptographic networks like Bitcoin.
Most financial institutions, leaders, and economists believe that bitcoin, as a form of money, must be regulated and overseen by the government. Stiglitz for instance, claims that bitcoin “has been [used] to circumvent tax authorities and regulation,” citing that most use cases revolve around illegal activities. But so is cash and most other forms of money that exist in the market today...
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