Bitcoin Cryptocurrency Crackdown

Bitcoin Cryptocurrency Crackdown

Bitcoin cryptocurrency crackdown is the next chapter in the cryptocurrency’s (so far) stellar price rise and success.

Indeed, Bitcoin price has taken a moon shot in 2017, up by 1,414.03% year to date, opening price 10,911 bitcoin to USD, despite the world’s top investors,elites and ultra-wealthy all lining up to speak into the corporate owned and controlled mouthpiece and brand the cryptocurrency a fraud, a bubble, a scam and to avoid it like the plague.

But in my humble opinion Bitcoin’s spectacular rise in price is neither of the above, bearing in mind that in Bitcoin was the best performing currency back in 2015.

So cryptocurrencies stellar rise in value is a vote of no confidence in the status quo. Moreover, it is probably where the price of precious metals would be if they were not rigged to the downside (once a conspiracy theory and now a well-publicised fact).

So it comes as no surprise that the shepherd (the government) has a less publicised role which is to strengthen, fortify the interest of their master, the central banks (human farmers). Moreover, the revolving door between government and central bank ensures that the human farmers remain at the top of the food chain.

In short, any threat to the most lucrative business on the planet the fiat debt money system (which yields its human farmers one million dollars a second in interest payments) will be systematically taken out. The shepherd will punish any black sheep who stray away from the herd and threatens the interest of his human farmers.

Put another way, Bitcoin cryptocurrency crackdown is coming. The shepherd is about to release his sheepdog (rule of law) to keep the herd together.

As Bitcoin price reaches the stratosphere and shows no sign of falling despite a litany of criticism governments around the globe are now on the offensive.

Bitcoin cryptocurrency crackdown is already in motion on three continents

Europe:

United Kingdom
As reported in the Telegraph this weekend, UK “ministers are launching a crackdown on the virtual currency Bitcoin amid growing concern it is being used to launder money and dodge tax.”

The UK Treasury has disclosed plans to regulate Bitcoin that will force traders in so-called cryptocurrencies to disclose their identities and report suspicious activity.

Treasury has now said it intends to begin regulating the virtual currency bring it in line with rules on anti-money laundering and counter-terrorism financial legislation.

France
French authorities are planning a Bitcoin cryptocurrency crackdown by first smashing Bitcoin’s credibility as an asset which they claim is only of use for the criminal underworld.

Putting money in an empty type of asset is “very, very worrying,” Robert Ophele, chairman of France’s market regulator. Bitcoin has no link to the real economy, Ophele says in a panel discussion at the Paris Europlace Financial Forum, warning that cryptocurrencies are a way to commit cybercrimes, allowing access to illicit goods and services.

If bitcoin was a currency, “it would be a bad one,” Ophel exclaimed, as it poses a major challenge for central banks and regulators.

North America
The US Senate Judiciary Committee is currently monitoring a bill S.1241 which would criminalize concealment of ownership or control of digital currencies.

If passed, the bill would likely have far-reaching effects for users of digital currencies both in the US and abroad.

As part of the recent customary press briefing from the White House, the President’s Press Secretary made it clear that the White House was monitoring cryptocurrencies. Moreover, the Department of Homeland Security was also part of the conversation.

Asia:
India
The Indian government’s Bitcoin cryptocurrency crackdown takes the form of not recognizing bitcoin as legal tender.

India’s finance minister, Aru Jaitley, recently clarifying the government position.
“The government’s position is clear, we don’t recognize this as legal currency as of now.”

Turkey
Bitcoin cryptocurrency crackdown is occurring in Turkey.

“Buying and selling virtual currencies is not compatible with religion at this time because of the fact that their valuation is open to speculation. They can be easily used in illegal activities like money laundering, and they are not under the state’s audit and surveillance,” Euronewstranslates the statement republished by local news outlet Enson Haber.

South Korea
The South Korean government is currently looking into ways to regulate and tax bitcoin users.
“Korean government and its local financial authorities are actively discussing the possibility of enforcing a policy on Bitcoin taxation.”

So a global bitcoin cryptocurrency currency crackdown is now in play. But let me put the cat amongst the pigeons by asking an out of the box question.

What if Bitcoin/Cryptocurrency is a Government Conspiracy (2017)?

Think about it. It is rather odd that the inventor of Bitcoin remains anonymous, bearing in mind that it is worth so much today. What inventor doesn’t want fortune or at least fame? Moreover, the global elite wants a cashless society using a global currency.

Cryptocurrency is the shoe which fits the foot and paradoxically it is being embraced by the very people who are scrambling from the debt money system.

Bitcoin might very well be the central bank’s extension strategy designed to increase its product (fiat money) life cycle.

In other words, it is no different to breakfast cereal company creating another brand of cereal in order to keep customers loyal.

So if the fiat debt money system is jaded then cyptocurrency is the central banks new modern brand.

If so, we are passed the product testing stage and the next phase is for the central bankers to publicly take full control of it- which is the Bitcoin cryptocurrency crackdown.