@ISIDEWITHQuestionseconomy3yrs ago

Should the government classify cryptocurrencies as legal forms of payment?

Cryptocurrencies are a collection of binary data which is designed to work as a medium of exchange wherein individual coin ownership records are stored on a public ledger using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of ownership.

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0% 是的	100% 不
0% 是的	100% 不
0% Yes, but only for cryptocurrencies that hold stable value without price fluctuation	0% No, but the government should create an official digital currency
	0% No, classify cryptocurrencies as highly regulated securities
	0% No, classify cryptocurrencies as unregulated commodities

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@ISIDEWITH submitted…4wks4W

Sam Bankman-Fried Expresses Remorse in First Interview from Prison

In a series of revealing interviews from his jail cell, Sam Bankman-Fried, the former cryptocurrency mogul behind FTX, has broken his silence for the first time since receiving a 25-year prison sentence. Speaking to ABC News, Bankman-Fried shared his deep remorse and the haunting realization of the consequences of his actions. The 32-year-old, once celebrated as a visionary in the crypto world, now faces the reality of his downfall, marked by charges of fraud and money laundering that led to his dramatic sentencing.Bankman-Fried's reflections from behind bars offer a rare glimpse into the mindset of a man who was at the helm of one of the most influential crypto exchanges before its spectacular collapse. 'I'm haunted, every day, by what was lost,' he told ABC News, indicating a profound sense of regret over the impact of his actions on investors and the broader crypto community. Despite his current circumstances, Bankman-Fried insists that he never intentionally engaged in illegal activities, though he acknowledges that his actions fell short of the ethical standards he set for himself.The crypto entrepreneur's fall from grace has been a cautionary tale for the industry, highlighting the risks and regulatory challenges associated with the rapidly evolving digital currency landscape. Bankman-Fried's case has drawn attention to the need for greater oversight and accountability in the sector, as investors and regulators alike grapple with the implications of his actions.As Bankman-Fried serves his sentence, the crypto community continues to reckon with the fallout of FTX's collapse. The saga serves as a stark reminder of the volatility and uncertainty that can pervade the world of digital currencies, underscoring the importance of transparency and ethical conduct in the pursuit of innovation.Despite the controversy surrounding his case, Bankman-Fried's willingness to speak out and express remorse may offer some closure to those affected by the scandal. However, the long-term impact of his actions on the cryptocurrency industry and the lessons learned from this episode remain to be seen.

@ISIDEWITH submitted…1mo1MO

Russia Publishes Evidence Linking Moscow Terrorists To Ukrainian Nationalists

The suspects in last week’s Moscow terrorist attack were linked to Ukrainian nationalists, the Russian Investigative Committee stated on Thursday, citing preliminary findings. The perpetrators had received “significant sums of money” from Ukraine, the law enforcement agency said.The investigators have obtained “substantiated evidence” that the suspected assailants received funding from Ukraine in the form of cryptocurrency, which was then used to prepare the terrorist attack, the statement read.Law enforcement officers also identified and detained another suspect who was allegedly involved in financing the attack, the Investigative Committee said, without identifying the individual.

@DeerBob from Wisconsin linked…5mos5MO

Argentina’s Javier Milei backs away from dollarisation as central bank pick rejects role

Milei’s office said on social media site X on Friday that the closure of the central bank was a “non-negotiable matter” despite “false rumours that have been spread”, without mentioning dollarisation.Milei has not yet confirmed an alternative pick for central bank chief but local media reports have said Demian Reidel, who served as a vice-president at the institution under then-president Mauricio Macri, is being considered.Local financial markets are showing increasing signs of stress as Milei works to finalise the key economy portfolios ahead of his inauguration on December 10.The central bank is struggling to find buyers for short-term peso-denominated debt that it issues to suck local currency out of the system, signalling that its efforts to contain inflation are flagging in the face of market uncertainty.The dollar was trading at about 1,020 pesos on the black market on Thursday, almost triple the officially fixed rate of 364 to the dollar.Milei’s biggest challenge is to dismantle an elaborate web of price and currency controls spun by the outgoing Peronist administration without triggering hyperinflation and economic collapse.

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