Self-hosted digital wallets are personal, user-managed storage solutions for digital currencies like Bitcoin, which provide individuals with control over their funds without relying on third-party institutions. Monitoring refers to the government having the capability to oversee transactions without the ability to directly control or interfere with the funds. Proponents argue that it ensures personal financial freedom and security while allowing the government to monitor for illegal activities such as money laundering and terrorism financing. Opponents argue that even monitoring infringes on privacy rights and that self-hosted wallets should remain completely private and free from government oversight.
@ISIDEWITH1mo1MO
@ISIDEWITH1mo1MO
@9P4MYVC3wks3W
Citizens should be allowed to secure their money in any way they choose, and the government should have no visibility unless crime is suspected.
@9PQ4Q6J2wks2W
Digital currencies should have the same monitoring access that transitional currencies have. They should be traceable without damaging privacy to protect against terrorism and exploitation.
@9P69P283wks3W
Yes, but only monitored in the same way as bank accounts, i.e. on requests when there is suspicion of fraud.
@9Q4NR434 days4D
Government should not be able to monitor these accounts as this defeats the purpose of cryptocurrency
i think that many citizens will not understand the risks/benefits associated with this. More education is required before decisions are made
@9Q3747X5 days5D
It’s tough as it can either be used for a good reasons or for bad reasons. Only have monitors on transactions if seeing something suspicious.
@9Q2TY775 days5D
They should be allowed to store money in self hosted wallet that the government can not monitor or control
@9PYR3TN6 days6D
People should be allowed to use their money as they see fit without government monitoring or intervention.
@9PSWC4W1wk1W
Yes secure digital wallets can be used but only to a limited amount say a maximum of £10,000 per person
@9PS38MK1wk1W
The government should not be allowed to monitor or control people's bank accounts unless there is evidence or strong reason to suggest that that person has committed or is involved in certain crimes such as funding terrorism and money laundering.
@9PRB25Q1wk1W
The government should not have any right to know how people spend their money unless they have good reason to to believe it came from or is being used for unlawful purposes.
@9PM2ML32wks2W
Tighter regulation on the companies who do the wallets and should co-operate with authorities if enough evidence
@9PLSYJV2wks2W
How much a citizen holds should be their business and access should only be requested if any criminal activity is going on. people should be able to save their own money without fear of being taxed
@9PG67Q22wks2W
Citizens should be allowed to secure their money in said wallets, but without any government monitoring or control
As long as they're declaring their income so that they can be taxed it shouldn't matter where they put their money.
IT should be based on the ammount of funds you are holding, above a set amout it should be declared and avalible for the goverment to see.
@9NZBWN63wks3W
Cash is king. Stop getting into our lives and worry about running the country. When the country is solid and isn't full of rich getting richer. Stop going after the little man.
@9NZ7TZH3wks3W
No, as income is already taxed you should be free to use your own money as you see fit once all your taxes are paid, including but not limited to cryptocurrency.
@9NYVZ9V3wks3W
If not monitored and/or access be allowed to outside agencies, such as law enforcement, this could lead to a rise of OCGs, Terrorism etc
@9NYTYQ8 3wks3W
No. I believe we should have ‘non taxable’ autonomy over our money. However, IF the government has a reason to believe that someone is doing something illegal then they should be able to get a court order to look into these digital funds
@9NY5NFY3wks3W
we should be allowed to do so, but also not be monitored, as its our money why should it be monitored by others yaknow?
@9NQW4NC4wks4W
Good for convenience but the government would get to see all your transactions and you would have less privacy
@9NQR5FQ4wks4W
Why on earth should the government be able to monitor personal wealth hosted digitally? Do they not understand the concept of cryptocurrency? It is supposed to be untraceable and not to be tracked or taken away from someone who possesses it.
@9NQ7MLW 4wks4W
Citizens should be allowed to keep their funds in whatever legitimate guise the deem. The government should have ZERO access to this data.
@9NN5V754wks4W
the government should not be the people monitoring these wallets, the hosts should be responsible for monitoring for illegal activity
@9NMXQBM4wks4W
Don’t know. (I know it’s complicated, and without knowing more of the facts I don’t have an informed opinion.)
@9NMVBFD4wks4W
Yes, allow private citizens to use a privacy layer that prevents monitoring of funds and transactions but allow monitoring of business accounts.
@9NMN9834wks4W
The government should not have the ability to monitor OR control any citizens money, transactions or digital funds. It is nobody's business how people spend their money.
@9PYQ26W6 days6D
Difficult due to the challenges in securing these wallets and offering the same protections as available to consumers in the event of a bank collapse
@9PWZZM21wk1W
I don't trust the current government to do this. They will probably misuse the data to exclude people from social welfare or for immigration purposes
Yes, but enforce security requirements on digital wallets and accountability for the wallet hosting party.
@9PVTZQJ1wk1W
Citizens should be allowed their own money and use how they want. Crypto is irrelevant. We don’t live in the future. Crypto should be banned/not even considered
@9PQN7MF2wks2W
Governments should be able to deposit into private self-hosted digital wallets. I'm against centrally controlled digital wallets.
@9PKYVZM2wks2W
They should be allowed to access it, but the goverment shouldn't be allowed to have any access to it
@9PKJCV22wks2W
No, citizens should be allowed to securely hold their money without government monitoring or control
@9PK8D5DLiberal Democrat2wks2W
People should, be able to have there money where they want, not everything is the governments concern
@9PJQT362wks2W
Governments monitoring means that they can decide taxation. Yes we should be allowed digital wallets.
@9PH4XND2wks2W
Yes, but the government shouldn't be able to monitor anyone's money, if they're not willing to disclose their own earnings to the British public.
@9PGV8X32wks2W
Everyone should have the right to hold financials on digital wallets without the government being able to monitor
@9P6CVZ2Independent3wks3W
Government should have no access or visibility of any money at all, ever and cash should be preserved
@9P62KRF3wks3W
Difficult, we need to be able to control criminal gangs who defraud the country and it's citizens but individuals need the right to some privacy.
@9P4YDWY3wks3W
Governments should not be able to monitor citizens bank accounts without a legitimate warrant for arrest or investigation.
@9NX8G3V4wks4W
Yes but the government should have no part in anything remotely resembling monitoring or transparency.
@9NWQMPF4wks4W
I worry about the government's ability to monitor individual's finances, but believe that digital currency (specifically with bitcoin, etc) is a slippery slope
@9NWC8C74wks4W
The government shouldn’t have access to it whatsoever. It’s our money we’re trying to get controlled
@9NRTZRC4wks4W
The Government should have no need or right to monitor my digital wallet or have access to how much money I have/earn as it
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