Governments in sight: attacks on blockchain and crypto investors in danger!

Governments in sight: attacks on blockchain and crypto investors in danger!

A current study advises governments to destabilize public blockchains in order to counteract money laundering allegations. This is the publication of Iwona Karasek-Wojciechowicz in the Journal of Cybersecurity. The study recommends carrying out targeted attacks, such as 51%attacks, in order to undermine the trust of users in blockchain technologies. Price suppression in cryptocurrencies is also given as a possibility to distract from inflation. Such measures could result in further regulations and sanctions on the part of the authorities. The study emphasizes that extensive enforcement measures such as the registration of providers should be in focus as a virtual asset service provider (VASP) and automated reporting on privacy coins.

Although the study was published three years ago, it has now caused a sensation in the crypto community. Privacy coin Monero and Tornado Cash, which are mentioned in the study, are currently under government execution measures. The continuing challenges for crypto companies, especially in the United States, are also critically examined because many difficulties have to open bank accounts. The debate about the balance between regulation and the promotion of innovation in the crypto sector has been back in the spotlight, As recently reported .