By taipeitimes.com on December 12, 2021
One of cryptocurrency’s spiritual forebears, Timothy May, predicted in the 1990s that untraceable digital cash would allow online casinos, bank secrecy and money laundering to flourish. Although laws would be dodged, he said, the individual anonymity and freedom would be worth it — at least, until the inevitable government backlash. This cycle is playing out almost three decades later, as regulators take a fresh crack at the US$2.4 trillion cryptosector that has ballooned largely out of their reach. Crypto executives were grilled by US lawmakers on Wednesday after a series of probes and fines into trading platforms amid a post-COVID-19 digital
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