A leading official of the U.S. Secret Service has asked the Congress to regulate Privacy Coins. So you want to prevent anonymous crypto-currencies such as ZCash, Monero or ZCoin Finance the trafficking of drugs, people or weapons. Of Cain, Abel, and a classic Symptom control.
Crime there is since the dawn of mankind. This started shortly after the creation. After Adam and eve had to leave for well known reasons, the Paradise, they got two sons – Cain and Abel. After the former had killed the latter, out of jealousy, there was already in the second Generation of humanity, several cases of crime. And all because of an Apple. But God came up with the idea to ban Apples? Not in the least.
Leap into the present: as before, crimes are committed. The one serious, the other less difficult. Now, it probably goes only rarely to Apples, the motives behind the crime, however, remain probably the same as yesteryear: jealousy, greed, hatred – human, all too Human. Just a crime to trade in illegal Goods and natural must according to remain anonymous, are increasingly being paid for with Privacy Coins – this is, in part, simply more convenient than cash. Even if this is at least as anonymous.
For this reason, a request it went to the U.S. Congress to prohibit Privacy Coins. Thomas Ott of the FinCEN’s Enforcement Division said:
“We have seen that crypto-currencies were used in order to use billions of dollars on what we would be referred to as a suspicious activity.”
The applicant, Robert Novy, in his capacity of Vice-Chairman of the U. S. Secret Service, said:
“We should […] legislative or regulatory measures to improve the controls, to summarize the potential hazards of anonymous crypto-currencies into the eye. Also offers, the transactions on the Blockchain (such as, for example, a Tumbler or Mixer) as well as crypto-currency-Mining-Pools.“
The Problem lies in the human nature
Such statements currencies are one of the classic accusations against Crypto. Whether it’s now to the mother of all crypto-currencies Bitcoin is, or the anonymeren variants such as Monero or ZCash: you to Fund people trafficking, money laundering and drug trafficking. The greed, the envy, the jealousy or injustice that lead to such activities, the people and the society system that he has created. Crypto-currencies, or to combat Privacy Coins, nothing would change in these causes, it would be only a symptom of combat. Because the problems of human nature are from. They come neither of crypto-currencies, cash and also not of Apples.