Tuesday, January 31, 2023
BitWolf
  • Home
  • Cryptocurrency
  • Blockchain
  • Nft & Metaverse
  • Market
  • Bitcoin
  • Ethereum
  • More
    • Solana
    • Litecoin
    • Dogecoin
  • Live Prices
No Result
View All Result
No Result
View All Result
BitWolf

Cryptocurrency presents new challenges and opportunities for local authorities

bitwolf by bitwolf
September 19, 2022
in Cryptocurrency
0 0
0
Home Cryptocurrency


Cryptocurrency has ushered in a brand new approach for customers and companies to switch worth. That’s presenting new challenges — but additionally new alternatives — for state and native governments and regulation enforcement companies, in accordance with Kat Faley, director of state and native authorities at Chainalysis, a blockchain information and software program service supplier.

“Lots of people take into consideration crypto as this digital platform, which is definitely true. However we additionally know that there are nearly 35,000 Bitcoin ATMs situated in grocery shops and gasoline stations all throughout the US—one thing that these companies have to be staying forward of,” she says in a brand new StateScoop podcast underwritten by Chainalysis.

She cites a number of causes state and native authorities have to pay larger consideration to the evolution of cryptocurrency of their jurisdictions. The primary is that the worldwide cryptocurrency transaction quantity reached all-time highs final 12 months of about $16 trillion {dollars}. That has set off a rising tide of potential client and enterprise alternatives. Cities corresponding to Miami and New York are trying to draw new companies by supporting the trade of cryptocurrency, she explains.

It’s additionally resulting in a rising tide of crime and client and enterprise fraud, Faley says.

She highlights, nonetheless, how blockchain information — and the underlying public ledgers of recorded transaction information — can, with the correct analytic tools and training, make it simpler for state and native authorities to investigate transactions that conventional forex exchanges can’t present. However officers have been gradual to acknowledge the rising influence of cryptocurrency on the native stage, she says.

“Lots of people have entry to cryptocurrency in a approach that possibly governments aren’t fascinated with. And for that cause, it truly is one thing that these companies have to be staying forward of,” she says.

Take heed to the total podcast dialog on StateScoop.com. And listen to extra of our newest IT protection throughout the state and native authorities expertise neighborhood by subscribing to StateScoop’s “Priorities Podcast” on Apple Podcasts, Google Podcasts, Soundcloud, Spotify and Stitcher. New episodes are launched each Thursday.

This podcast was produced by Scoop Information Group for StateScoop and underwritten by Chainalysis. Be taught extra about how Chainalysis helps public sector organizations keep forward of the cryptocurrency evolution.



Source link

Related

Tags: AuthoritieschallengesCryptocurrencyLocalOpportunitiespresents
ShareTweetShare
bitwolf

bitwolf

Next Post
Panda DAO says it will dissolve and return investor’s assets due to internal strife

Panda DAO says it will dissolve and return investor's assets due to internal strife

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Bitcoin Holds Above $17K Despite DCG Uncertainty – CoinDesk

Bitcoin Holds Above $17K Despite DCG Uncertainty – CoinDesk

January 10, 2023
Bitcoin community not happy with Peter Zeihan’s criticisms on Joe Rogan podcast

Bitcoin community not happy with Peter Zeihan’s criticisms on Joe Rogan podcast

January 10, 2023
MULN Stock: Mullen Is the New Dogecoin… Without Any of the Fun

MULN Stock: Mullen Is the New Dogecoin… Without Any of the Fun

January 22, 2023
Why Polygon could play a key role in mass blockchain adoption despite MATIC’s…

Why Polygon could play a key role in mass blockchain adoption despite MATIC’s…

January 10, 2023
Trezor and Wasabi Join Forces To Make Bitcoin More Private

Trezor and Wasabi Join Forces To Make Bitcoin More Private

5
Bitcoin could become the foundation of DeFi with more single-sided liquidity pools

Bitcoin could become the foundation of DeFi with more single-sided liquidity pools

1
DOGE Proponents Express Hope And Concerns Related To Dogecoin-Ethereum Bridges

DOGE Proponents Express Hope And Concerns Related To Dogecoin-Ethereum Bridges

0
Petrousus Token Set to Top the Cryptocurrency Market Like Uniswap and Solana

Petrousus Token Set to Top the Cryptocurrency Market Like Uniswap and Solana

0
How Bitcoin mining saved Africa’s oldest national park from bankruptcy

How Bitcoin mining saved Africa’s oldest national park from bankruptcy

January 31, 2023
How the metaverse and blockchain accelerates economic … – e27

How the metaverse and blockchain accelerates economic … – e27

January 31, 2023

Local group uneasy about cryptocurrency mining centers in Nebraska – fox42kptm.com

January 31, 2023
Ordinals Launches NFTs on Bitcoin, Unsurprisingly Sparking Controversy

Ordinals Launches NFTs on Bitcoin, Unsurprisingly Sparking Controversy

January 31, 2023

Recent News

How Bitcoin mining saved Africa’s oldest national park from bankruptcy

How Bitcoin mining saved Africa’s oldest national park from bankruptcy

January 31, 2023
How the metaverse and blockchain accelerates economic … – e27

How the metaverse and blockchain accelerates economic … – e27

January 31, 2023

Local group uneasy about cryptocurrency mining centers in Nebraska – fox42kptm.com

January 31, 2023

Categories

  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Dogecoin
  • Ethereum
  • Litecoin
  • Market & Analysis
  • Nft & Metaverse
  • Solana
  • Uncategorized

Tags

Big Binance Bitcoin Blockchain BNB BTC Cardano Coin Cointelegraph crypto Cryptocurrency Data Digital DOGE Dogecoin ETH Ethereum Exchange eyes FTX Heres Inu Investors Latest Litecoin LTC Magazine market merge News NFT NFTs price rally Shiba SOL Solana Today token Top Trading Tweet Web3 Week XRP

© 2022 BitWolf All Rights Reserved

No Result
View All Result
  • Home
  • Cryptocurrency
  • Blockchain
  • Nft & Metaverse
  • Market
  • Bitcoin
  • Ethereum
  • More
    • Solana
    • Litecoin
    • Dogecoin
  • Live Prices

© 2022 BitWolf All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In