Financial Surveillance is important to understand the vulnerabilities and source of strength in a sector. The existing capital in the cryptocurrency sector and the associated buffers in the financial system should be clearly understood to avoid macro-financial imbalances.

Macroeconomics focuses on three things like National output, unemployment, and inflation.  Longer-term research about the interaction between financial market conditions and economic activity is essential for identifying and measuring financial sector activities.

Economic performance is closely monitored by governments, businesses, and consumers alike.  Financial Surveillance of cryptocurrencies brings in mode actors within the blockchain ecosystem to gather data on users. The infrastructure bill is looking to have Surveillance of everyday users of cryptocurrency.

This probably can lead to having software creators and others to submit and implement cumbersome surveillance systems or stop providing cryptocurrency services in the United States.

Creating private information databases about cryptocurrency users will attract more bad actors to the system.  A new line of legal complexity will be created to verify transactions in the United States.  Thus, more innovation will move overseas.  Miners and developers will find it more challenging to comply with the reporting requirements.

Coin Center published:  Policymakers and regulators are increasingly looking at Bitcoin and other decentralized blockchain technologies. Unfortunately, hasty or uninformed regulation comes with unintended consequences that can stifle innovation. Coin Center’s mission is to build a better understanding of cryptocurrency technology among policymakers and to lobby for a regulatory climate that preserves the freedom to innovate.

Zooko expressed:  Zcashers: let’s donate to Coin Center! They’re fighting the good fight, teaching Washington DC how not to make terrible laws with rampant unintended consequences. They accept BTC, ETH, and ZEC donations (at least).

Coin Center are looking for Donations to Keep the fight Going:  By supporting Coin Center today, you will help them lead the charge on identifying the challenging legal questions facing the cryptocurrency, prescribing policy solutions that will keep cryptocurrency networks open, decentralized, and permissionless, while advocating for those solutions by educating policymakers and regulators about digital currency’s social benefits and the costs of poorly crafted regulation.

If the cryptocurrency community comes together, it is possible to preserve the freedom for Bitcoin and other cryptocurrencies to continue growing. Cryptocurrency community members can show their support and make a contribution to Coin Center today.

Those who give $50 or more will receive a bundle gift as a token of appreciation with a pocket edition of the Bitcoin white paper by Satoshi Nakamoto, A Coin Center sticker pack, and A “Bitcoin: Est. 2009” t-shirt.