Quote Originally Posted by Ben Rhimene View Post
The UK has informed Binance they are not allowed to engage in any regulated activity. Apparently Japan may have given them a similar warning recently.

IMO these are the initial steps the G7 will take against private interests while developing a national digital strategy. Citi recently put out a good piece on this: there are now nearly 5,000 digital curremcies available, up from a few dozen in 2013. Market value is worth a few trillion dollars. Getting too big to ignore.
I've always watched it but never delved into it. But that is the one thing I figured was always coming. Governments are going to get involved and regulate at some point. They're going to get theirs. That's just the nature of government. And as we recently saw with the ransomware stuff, the anonymity of crypto isn't very anonymous.