Governments perceive crypto as a developing threat
Governments perceive crypto as a developing threat
- According to Snowden, governments are now challenged by crypto assets because they rely too much on traditional payment systems.
- Snowden pointed out that people should have personal space in order to do everything they want without state surveillance.
Edward Snowden, A prominent advisor to computer security who is known to reveal details of secret surveillance programs of the US government last week at Camp Ethereal 2022 to develop crypto and the government's regulations.
In conversation with Marta Belcher, President of the Filecoin Foundation and General Counsel at Protocol Labs, Wies Snowden that people should have personal space to do everything they want without state surveillance.
Remember that it is fairly easy for the respective authorities to track down transactions, regardless of the form of money. Mind you, you control the system from a bird's eye view.
"Someone should be able to send everyone for everything," said Snowden.
and that should not be something in which we can interfere, that shouldn't be something that the Canadian government or whatever can say: 'We will turn it off.' Because if we do it, everyone will do it-and that is no guess, we already see it. The idea that Canada would do this - and I think most people see Canada as a rather enlightened government - is an example of concern. Whether you are for or against this special protest or this protest movement is secondary to the problem that we are susceptible to that we cannot take anything out of our wallet.
However, this is not the situation on site, since the governments are challenged by the developing crypto industry. In addition, people can carry out transactions at a private level without having to act a third as a trustee. Remember that blockchain technology is an open general book, but offers a trustworthy means of transfer of money.
"I think that governments are properly perceived for traditional tools to which they have got used to," says Snowden called "With regard to the ability to regulate private life and in a broader sense,
Edward Snowden supports the introduction of crypto
The cryptoma market has recently been after the booming market under the radar of global regulatory authorities. The crypto market achieved an evaluation of $ 3 trillion in less than a decade. In fact, the industry is ready for larger profits in the coming decades.
While the geopolitical tensions escalate worldwide, sanctions keep appearing. The Russian government and its oligarchs were most affected because western countries exerted economic pressure through sanctions.
In the USA there is the list Specialy Designated National and Blocked Persons (" sdn list "). No US person, be it a company, can do business with someone on the SDN list.
According to Snowden, governments are now challenged by crypto-assets after they have rely too much on traditional payment systems.
We have this prerequisite that cash is anonymous, that we inherited it from a time than it made sense. That is no longer true. If you remember that Bitcoin has a public general book, as soon as a dollar gets into the banking system, there is a private main register that is available to the people who carry out financial surveillance. So it is only private for the public, but it is public for the celebrities, let's say.
Source: Crypto-news-flash.com
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