EFF resumes accepting Bitcoin donations - thanks to US government
On Friday, May 17, the Electronic Frontier Foundation resumed accepting donations in Bitcoin cryptocurrency . About two years ago, EFF accepted Bitcoins for several months, but then abandoned this practice because of legal concerns. EFF often has to protect people who have problems with the law due to the use of modern technologies, and accepting payments in a currency that was not officially regulated by anyone could create even more problems and jeopardize the main activities of the fund.
However, thanks to recent initiatives by FinCEN - a division of the US Treasury Department that is involved in the fight against money laundering, the financing of terrorism and other financial crimes, the legal status of Bitcoin has gained at least some certainty. Despite the fact that the government’s attempts to drive cryptocurrency into the legal framework are perceived negatively by many, they can encourage more widespread Bitcoin, since many people and organizations treat it with caution or neglect precisely because of the lack of official recognition.
The EFF official report states that after the publication of the FinCEN directive, the Foundation’s lawyers concluded that using cryptocurrency is now fairly safe. Bitcoin is important for the Fund, primarily because the financial blockade, with the help of financial institutions fully controlled by the state, is increasingly becoming an instrument of censorship and persecution of dissidents. Of course, there is a danger that Bitcoin will eventually be regulated in such a way that it will lose all its advantages, but so far the cryptocurrency is indeed much freer than the vast majority of existing payment systems.
EFF representatives also intend to attend the Bitcoin 2013 conference , which takes place this weekend in San José.
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However, thanks to recent initiatives by FinCEN - a division of the US Treasury Department that is involved in the fight against money laundering, the financing of terrorism and other financial crimes, the legal status of Bitcoin has gained at least some certainty. Despite the fact that the government’s attempts to drive cryptocurrency into the legal framework are perceived negatively by many, they can encourage more widespread Bitcoin, since many people and organizations treat it with caution or neglect precisely because of the lack of official recognition.
The EFF official report states that after the publication of the FinCEN directive, the Foundation’s lawyers concluded that using cryptocurrency is now fairly safe. Bitcoin is important for the Fund, primarily because the financial blockade, with the help of financial institutions fully controlled by the state, is increasingly becoming an instrument of censorship and persecution of dissidents. Of course, there is a danger that Bitcoin will eventually be regulated in such a way that it will lose all its advantages, but so far the cryptocurrency is indeed much freer than the vast majority of existing payment systems.
EFF representatives also intend to attend the Bitcoin 2013 conference , which takes place this weekend in San José.
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Source: https://habr.com/ru/post/180125/
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