US government is on the way to full-time crypto regulations.

[BIN-BIN]

Reading over the news about how Joe Biden Administration drafted a policy with the task force to track and trace all cryptocurrency transactions to every individual and have also offered bounty rewards for people with information that help climbed down cryptocurrency use for illegal transactions most especially fraud against the government infrastructure, With this bitcoin lightning network and nonero are the most targeted network because of their high privacy.
Link to full news
https://cointelegraph.com/news/us-government-delves-deeper-into-crypto-accountability-with-10m-bounty

[Oshosondy]

That link was on July 15 while this is July 29, but bringing it to this forum is good because I do not know anything about this before, but this will not surprise members of this forum because crypto regulation has been since the creation of bitcoin and the level of regulation is increasing as crypt cryptocurrencies are getting more popular. Some cryptocurrencies are anonymous which transactions can be traced, this even pose greater risks. But know that noncustodial wallets can not be regulated, but exchanges will be the ones that will be regulated.

[tabas]

The intention is good  but that's not crypto is all about. We understand that the administration is trying to crack down illegal transactions but someone can be mislead and flagged because he has made a crypto transaction. There should also be a some clarification that it's not only in crypto that these illegal activities are happening. Both in fiat and crypto, these are existing but why they don't focus first trying to crack down transactions made in fiat? why? because it's harder to crack down in that form.