Daily Crypto NewsEDITION #238, 15 June 2021

Ban Telegram, ha-ha!

Hey #Moni Maker 🔏

Today, in 1300, the poet Dante Alighieri entered the government of Florence. It was Dante who wrote the poem "The Divine Comedy". We wonder how the creator knew what would happen in the financial and technological world of the 21st century? After all, the name perfectly fits the description of current events.

Which ones? About them in the Digest. As always :)

The Internal Services Revenue (IRS) has got its eye on Bitcoin. And when it comes to financial crime, there’s one thing it is closely watching: Telegram.

According to the IRS, secretive chats on Telegram, a privacy-preserving chat app that end-to-end encrypts users’ messages, are right now one the most worrying things for law enforcement officials.

That’s because peer-to-peer (P2P) exchanges that operate on the popular instant messaging app can quickly and easily shift dirty or stolen funds, special agent of the IRS’s Cyber Crimes Unit, Chris Janczewski, told Decrypt.

The IRS is these days paying much closer attention to crypto crime—and the wider crypto market in general. President Joe Biden's administration last month unveiled a new tax plan that would force businesses that conduct cryptocurrency transfers of $10,000 or more to report these dealings to the IRS.

So what?

Hey IRS! We have a great script for you! First, ask for encryption keys. Then you shoot a film in which the chiefs of your police are fighting Pavel Durov.

So, stop …….

President Suluhu told financial chiefs to prepare for cryptocurrency, saying the age of crypto and blockchain was dawning as she urged her country to pave the way for change.

She said Tanzania’s central bank should begin the necessary preparations to adopt global attitudes towards banking, singling out cryptocurrencies as the future of finance.

“We have witnessed the emergence of a new journey through the internet. The Central Bank should be ready for the changes and not be caught unprepared,” she said.

So what?

Apparently we were right. Technology is driven not by the well-fed and the rich, but by the poor and hungry. The rich need meditations, hype, freedom of speech and other garbage.

Hungry people need a solution here, Now. And not to pretend to be the king of the market, who dictates to bitcoin what to do. But to eat.

All this is interesting.

Legendary investor and billionaire Paul Tudor Jones admitted in an interview with CNBC that he likes Bitcoin and is ready to allocate 5% of his investment portfolio to buy BTC.

Recently, the billionaire announced that Bitcoin would be a great hedging asset in the face of rising inflation risks.

So what?

WHAT! An adequate person! Well! Tweet about him! Call him a national traitor!

And you...buy Bitcoin! 😉 (it's a good time!)