King Charles Going After Money Laundering And Terrorism By Granting Authority To Seize Cryptocurrenc

[taskmaster4450]

▶️ Watch on 3Speak

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The new King is looking to make his mark. Evidently Charles feels the UK is filled with "dirty money". For this reason, Parliament needs to pass a bill giving authorities enhances powers to seize crypto and garner information about crypto suspected to be used in criminal activity.

In this video I discuss how this is another example of the crypto versus government battle. For this reason, we need to focus upon decentralization, open source, and redundancy.

The article mentioned in the video:

https://cointelegraph.com/news/uk-gov-t-introduces-bill-aimed-at-empowering-authorities-to-seize-freeze-and-recover-crypto

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▶️ 3Speak

Comments

[drlobes]

The "king" is only doing what he's being told to do...

[pixresteemer]

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[yibbiy]

And privacy.

[manniman]

The people of HIVE have been preparing for these attacks on the free crypto markets. Let's see how far they will go.

[ferod23]

He may be right at some point but from there to go to the extreme and persecute them does not seem the fairest in addition to collecting all the information of both the owners and the Cryptocurrencies

[tj4real1]

I hope this doesn’t affect hive and it’s related activities since hivefest is organized mostly in the UK. Probably to solve this crypto issue we need to create an avenue to reduce the risk of using crypto for money laundering. Terrorist funding is a major issue but you make a good argument about how difficult it is to make donations to these organizations. It’s really absurd and the bill is just against human right

[poshtoken]

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[jfang003]

It's a bunch of nothing as we all know that fiat is the biggest source of money launderers. I am just glad that I live in the US so it won't really affect me though.

Posted Using LeoFinance ^Beta

[p-props]

The monarchy in the UK doesn't hold any authority to pass legislation. They are merely figureheads that stay neutral, well publicly silent anyway, on political matters.
If Charlie did in fact say this it would have to go through Parliament.
I don't know where this started but it's a nonsense story.
P.S. I'm not a Royalist.

[awuahbenjamin]

this is quite serious,,,Well we hope to this how it will go with us,,thanks for the update, i will keenly follow up and see how best this will end @taskmaster4450