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by anon2020dot00 1463 days ago
Aren't North Korean Hackers using crypto for ransomware? So actually, crypto is used to finance and prop-up such dictatorial governments.

Also, Russia is being sanctioned through freezing their USD accounts and imposing financial sanctions such as suspension from using SWIFT.

If crypto is more wide-spread, then it will become more difficult to impose such financial restrictions to Russia and other international pariahs.

2 comments

Aren't drug dealers in the US and Europe using paper currency? Shouldn't we outlaw that so the government can track everything?
The previous argument was that crypto will be a bane to authoritarian governments; I'm just pointing out that crypto can also assist authoritarian governments.

I never said to outlaw crypto or paper currency but I just brought-up that crypto is just a tool that can be used against and for such governments.

Yeah, North Korean hackers steal money on the internet. You are right about that.