How Pubic Officers Who Take Bribe Through Crypto Affects The Ecosystem

[Accardo]

The US left GRECO, a peer to peer review body on financial crimes led by public officers, at the absence of the foreign watchdogs that call out the foul play happening on the inside of US public offices, bribes sent or diversed to crypto could get overlooked.

Why it affects the ecosystem.

• The officers are not looking to help the market but to fuel their riches at the cost of whatever punishment the mass users face in future.
• Heavy restrictions follows up to curtail the crime, which returns to affect the crypto ecosystem.

In a nutshell, the US government chose to cut costs and focus on investigating financial crimes led through public offices themselves. The good side of it is that they won't have to send blank checks to international bodies to review these offices. The downside being that some officers will get immune of the review in some certain financial crime, like the exemption of the President and the Vice President in the Federal conflict of interest laws, which was pointed out by GRECO to be changed.  By quitting, this exemption won't be addressed or wont be called out anymore.

https://www.mlex.com/mlex/articles/2532526/us-exit-from-greco-anti-corruption-group-prompts-fears-of-further-disruption

[BIT-BENDER]

Crypto sponsored bribery? This is the tag you leave on Crypto-currency that actually creates the real stain on Bitcoin and Crypto-currency at large and we are influencing it.
First using the tern crypto sponsored you are saying that Crypto-currency sponsored the bribery with is wrong grammatically but that not all it the sort of headlines people take from it and think of Bitcoin negatively.
Crypto was used to give out bribe is more like it and does not put Crypto-currency as the principal subject, in a bribery case.

[Accardo]

Crypto sponsored bribery? This is the tag you leave on Crypto-currency that actually creates the real stain on Bitcoin and Crypto-currency at large and we are influencing it.
First using the tern crypto sponsored you are saying that Crypto-currency sponsored the bribery with is wrong grammatically but that not all it the sort of headlines people take from it and think of Bitcoin negatively.
Crypto was used to give out bribe is more like it and does not put Crypto-currency as the principal subject, in a bribery case.

I made an adjustment, hopefully its clearer now, when I said crypto sponsored, I meant the issued crypto to a corrupt public officer sponsored their actions. Also, crypto is decentralized and is not pointing directly to a certain group or organization.

[Dunamisx]

Taking bribes should not be tolerated because it is a bad practice, and whether you are a public servant or not, you should know what is right and what is wrong.

The use of cryptocurrency in any illegal form should be forbidden, for illegal activity creates an impression that cryptocurrency is intended for any form of fraudulent activity, and people already know that some kind of intent to perpetrate fraud exists. For all these reasons, we must stand to create the difference by using cryptocurrency in the right way.

[Agbamoni]

Crypto sponsored bribery? This is the tag you leave on Crypto-currency that actually creates the real stain on Bitcoin and Crypto-currency at large and we are influencing it.

He isn't directly placing the blame on cryptocurrency, but on the public officers. I think the topic title contradicts what I'm saying. OP went too raw with his statement in the title of this post.

I used to tell people that cryptocurrency isn't what's bringing crime into society. Without cryptocurrency, there will still be online crimes and ways scammers use to steal money. The first means of paying for bribes started with physical assets, then moved to physical money, and now crypto is being used.

[o48o]

-cut-
Why it affects the ecosystem.

• The officers are not looking to help the market but to fuel their riches at the cost of whatever punishment the mass users face in future.
  

Aside the fact that this is corruption:

1. NO ONE who is investing is looking to "help" the market but make the profit.

2. Government official shouldn't use their rank to "help" the markets or enrich themselves.

3. If you don't see need of same regulations for everyone as a punishment, then punishing public officers doesn't cause a "mass punishment".

US exiting from anti corruption group however could lead to equivalent mass punishment, because it increases the corruption and makes punishing disproportional. It will hurt more smaller criminals who don't have the skills and teams to launder their money.
 
4. Regulations are tightening as we speak. That's why they are exiting, to save their own asses from future investigations.[/list]