GET https://rct.dev.bbntimes.com/technology/nothing-gets-governments-together-quite-like-cryptocurrencies

ArticleController :: show

Request

GET Parameters

None

POST Parameters

None

Uploaded Files

None

Request Attributes

Key Value
_controller
"App\Controller\ArticleController::show"
_firewall_context
"security.firewall.map.context.main"
_links
Symfony\Component\WebLink\GenericLinkProvider {#3683
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    3802 => Symfony\Component\WebLink\Link {#3802
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    3800 => Symfony\Component\WebLink\Link {#3800
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    3798 => Symfony\Component\WebLink\Link {#3798
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    3797 => Symfony\Component\WebLink\Link {#3797
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      -attributes: [
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    }
    3796 => Symfony\Component\WebLink\Link {#3796
      -href: "/build/scroll-infinite-article.js"
      -rel: [
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      -attributes: [
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      ]
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    3795 => Symfony\Component\WebLink\Link {#3795
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      -rel: [
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      -attributes: [
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      ]
    }
    3794 => Symfony\Component\WebLink\Link {#3794
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      -rel: [
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      -attributes: [
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    }
    3793 => Symfony\Component\WebLink\Link {#3793
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      -attributes: [
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    3792 => Symfony\Component\WebLink\Link {#3792
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      -attributes: [
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    3791 => Symfony\Component\WebLink\Link {#3791
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      -attributes: [
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_route
"article_show"
_route_params
[
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]
_security_firewall_run
"_security_main"
_stopwatch_token
"a11789"
category
"technology"
slug
"nothing-gets-governments-together-quite-like-cryptocurrencies"

Request Headers

Header Value
accept
"*/*"
accept-encoding
"gzip, br, zstd, deflate"
connection
"close"
cookie
"PHPSESSID=defubjf2a0pkf35n97098v3672"
host
"rct.dev.bbntimes.com"
user-agent
"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)"
x-php-ob-level
"1"

Request Content

Request content not available (it was retrieved as a resource).

Response

Response Headers

Header Value
cache-control
"no-cache, private"
content-type
"text/html; charset=UTF-8"
date
"Mon, 23 Jun 2025 04:07:08 GMT"
link
"</build/runtime.js>; rel="preload"; as="script",</build/644.js>; rel="preload"; as="script",</build/502.js>; rel="preload"; as="script",</build/app.js>; rel="preload"; as="script",</build/view-more.js>; rel="preload"; as="script",</build/term-condition.js>; rel="preload"; as="script",</build/contact.js>; rel="preload"; as="script",</build/scroll-infinite-article.js>; rel="preload"; as="script",</build/app.css>; rel="preload"; as="style",</build/cookie-style.css>; rel="preload"; as="style",</build/term-condition-css.css>; rel="preload"; as="style",</build/contact-css.css>; rel="preload"; as="style",</build/comment-css.css>; rel="preload"; as="style""
x-debug-token
"a148ff"

Cookies

Request Cookies

Key Value
PHPSESSID
"defubjf2a0pkf35n97098v3672"

Response Cookies

No response cookies

Session 6

Session Metadata

Key Value
Created
"Mon, 23 Jun 25 04:06:50 +0000"
Last used
"Mon, 23 Jun 25 04:07:06 +0000"
Lifetime
0

Session Attributes

Attribute Value
_csrf/https-comment
"n-XUWP9bGxOjm5lkcNmjkDb0jZwQi29c56PM0WhDCoQ"
_csrf/https-cookie_accept
"gMoCx_0yjKcwiVA9FPsjsr5vJkwnd4QUAls4Kc7gHs4"

Session Usage

6 Usages
Stateless check enabled
Usage
Symfony\Component\Security\Csrf\TokenStorage\SessionTokenStorage:76
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Symfony\Component\Security\Csrf\TokenStorage\SessionTokenStorage:79
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    "line" => 197
    "function" => "handle"
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  [
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    "line" => 35
    "function" => "handle"
    "class" => "Symfony\Component\HttpKernel\Kernel"
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    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/autoload_runtime.php"
    "line" => 29
    "function" => "run"
    "class" => "Symfony\Component\Runtime\Runner\Symfony\HttpKernelRunner"
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    "function" => "require_once"
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]
Symfony\Component\Security\Core\Authentication\Token\Storage\UsageTrackingTokenStorage:41
[
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    "line" => 41
    "function" => "getMetadataBag"
    "class" => "Symfony\Component\HttpFoundation\Session\Session"
    "type" => "->"
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  [
    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/symfony/twig-bridge/AppVariable.php"
    "line" => 103
    "function" => "getToken"
    "class" => "Symfony\Component\Security\Core\Authentication\Token\Storage\UsageTrackingTokenStorage"
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    "line" => 1635
    "function" => "getUser"
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    "function" => "twig_get_attribute"
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    "line" => 394
    "function" => "doDisplay"
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    "line" => 367
    "function" => "displayWithErrorHandling"
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    "function" => "display"
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    "function" => "render"
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    "function" => "render"
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    "line" => 453
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    "function" => "doRender"
    "class" => "Symfony\Bundle\FrameworkBundle\Controller\AbstractController"
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    "function" => "render"
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    "function" => "renderHeader"
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  [
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    "function" => "handle"
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  [
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  [
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    "function" => "displayWithErrorHandling"
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    "type" => "->"
  ]
  [
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    "line" => 379
    "function" => "display"
    "class" => "Twig\Template"
    "type" => "->"
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  [
    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/twig/twig/src/TemplateWrapper.php"
    "line" => 38
    "function" => "render"
    "class" => "Twig\Template"
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  [
    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/twig/twig/src/Environment.php"
    "line" => 280
    "function" => "render"
    "class" => "Twig\TemplateWrapper"
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  [
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    "line" => 448
    "function" => "render"
    "class" => "Twig\Environment"
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  [
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    "line" => 453
    "function" => "doRenderView"
    "class" => "Symfony\Bundle\FrameworkBundle\Controller\AbstractController"
    "type" => "->"
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  [
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    "line" => 253
    "function" => "doRender"
    "class" => "Symfony\Bundle\FrameworkBundle\Controller\AbstractController"
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  [
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    "function" => "render"
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  [
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    "function" => "show"
    "class" => "App\Controller\ArticleController"
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  [
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    "function" => "handleRaw"
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    "type" => "->"
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  [
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    "function" => "handle"
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  [
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    "function" => "handle"
    "class" => "Symfony\Component\HttpKernel\Kernel"
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    "function" => "run"
    "class" => "Symfony\Component\Runtime\Runner\Symfony\HttpKernelRunner"
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  [
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    "line" => 5
    "args" => [
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]
Symfony\Component\Security\Http\Firewall\ContextListener:171
[
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    "line" => 171
    "function" => "remove"
    "class" => "Symfony\Component\HttpFoundation\Session\Session"
    "type" => "->"
  ]
  [
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    "line" => 116
    "function" => "onKernelResponse"
    "class" => "Symfony\Component\Security\Http\Firewall\ContextListener"
    "type" => "->"
  ]
  [
    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/symfony/event-dispatcher/EventDispatcher.php"
    "line" => 220
    "function" => "__invoke"
    "class" => "Symfony\Component\EventDispatcher\Debug\WrappedListener"
    "type" => "->"
  ]
  [
    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/symfony/event-dispatcher/EventDispatcher.php"
    "line" => 56
    "function" => "callListeners"
    "class" => "Symfony\Component\EventDispatcher\EventDispatcher"
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  [
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    "function" => "dispatch"
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  [
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    "function" => "filterResponse"
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    "function" => "handle"
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    "function" => "handle"
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    "function" => "run"
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  [
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    "function" => "require_once"
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]

Flashes

Flashes

No flash messages were created.

Server Parameters

Server Parameters

Defined in .env

Key Value
APP_ENV
"dev"
APP_SECRET
"0a988e63f011514eaabfc650b599af4d"
CORS_ALLOW_ORIGIN
"*"
DATABASE_URL
"mysql://bbndb_rctuser:33F5W25z40or0f7@localhost:3306/rct_bbntimes"
GOOGLE_RECAPTCHA_SECRET_KEY
"6LdV5fgpAAAAANxzTG8ZMfIjil1wu-1vrQvnUt-x"
GOOGLE_RECAPTCHA_SITE_KEY
"6LdV5fgpAAAAAENKcn73MJAhQrbtQeqgyC4wDLMP"
MAILER_DSN
"smtp://no-reply%40rct.dev.bbntimes.com:Bl6%26gLD48%26Of919@rct.dev.bbntimes.com:465"
MARIADB_PASSWORD
"i!87pK&!85ezc8"

Defined as regular env variables

Key Value
APP_DEBUG
"1"
BASE
"/public"
CONTEXT_DOCUMENT_ROOT
"/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com"
CONTEXT_PREFIX
""
DOCUMENT_ROOT
"/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com"
FCGI_ROLE
"RESPONDER"
GATEWAY_INTERFACE
"CGI/1.1"
HTTPS
"on"
HTTP_ACCEPT
"*/*"
HTTP_ACCEPT_ENCODING
"gzip, br, zstd, deflate"
HTTP_CONNECTION
"close"
HTTP_COOKIE
"PHPSESSID=defubjf2a0pkf35n97098v3672"
HTTP_HOST
"rct.dev.bbntimes.com"
HTTP_USER_AGENT
"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)"
PASSENGER_COMPILE_NATIVE_SUPPORT_BINARY
"0"
PASSENGER_DOWNLOAD_NATIVE_SUPPORT_BINARY
"0"
PATH
"/usr/local/sbin:/usr/local/bin:/usr/sbin:/usr/bin:/sbin:/bin:/snap/bin"
PHP_SELF
"/public/index.php"
PP_CUSTOM_PHP_CGI_INDEX
"plesk-php81-fastcgi"
PP_CUSTOM_PHP_INI
"/var/www/vhosts/system/rct.dev.bbntimes.com/etc/php.ini"
QUERY_STRING
""
REDIRECT_BASE
"/public"
REDIRECT_HTTPS
"on"
REDIRECT_PASSENGER_COMPILE_NATIVE_SUPPORT_BINARY
"0"
REDIRECT_PASSENGER_DOWNLOAD_NATIVE_SUPPORT_BINARY
"0"
REDIRECT_REDIRECT_HTTPS
"on"
REDIRECT_REDIRECT_PASSENGER_COMPILE_NATIVE_SUPPORT_BINARY
"0"
REDIRECT_REDIRECT_PASSENGER_DOWNLOAD_NATIVE_SUPPORT_BINARY
"0"
REDIRECT_REDIRECT_SCRIPT_URI
"https://rct.dev.bbntimes.com/technology/nothing-gets-governments-together-quite-like-cryptocurrencies"
REDIRECT_REDIRECT_SCRIPT_URL
"/technology/nothing-gets-governments-together-quite-like-cryptocurrencies"
REDIRECT_REDIRECT_SSL_TLS_SNI
"rct.dev.bbntimes.com"
REDIRECT_REDIRECT_STATUS
"200"
REDIRECT_REDIRECT_UNIQUE_ID
"aFjS64XZ5aI4E6hTId-jXAAAAIM"
REDIRECT_SCRIPT_URI
"https://rct.dev.bbntimes.com/technology/nothing-gets-governments-together-quite-like-cryptocurrencies"
REDIRECT_SCRIPT_URL
"/technology/nothing-gets-governments-together-quite-like-cryptocurrencies"
REDIRECT_SSL_TLS_SNI
"rct.dev.bbntimes.com"
REDIRECT_STATUS
"200"
REDIRECT_UNIQUE_ID
"aFjS64XZ5aI4E6hTId-jXAAAAIM"
REDIRECT_URL
"/public/technology/nothing-gets-governments-together-quite-like-cryptocurrencies"
REMOTE_ADDR
"216.73.216.240"
REMOTE_PORT
"42543"
REQUEST_METHOD
"GET"
REQUEST_SCHEME
"https"
REQUEST_TIME
1750651627
REQUEST_TIME_FLOAT
1750651627.0126
REQUEST_URI
"/technology/nothing-gets-governments-together-quite-like-cryptocurrencies"
SCRIPT_FILENAME
"/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/public/index.php"
SCRIPT_NAME
"/public/index.php"
SCRIPT_URI
"https://rct.dev.bbntimes.com/technology/nothing-gets-governments-together-quite-like-cryptocurrencies"
SCRIPT_URL
"/technology/nothing-gets-governments-together-quite-like-cryptocurrencies"
SERVER_ADDR
"5.196.1.209"
SERVER_ADMIN
"[no address given]"
SERVER_NAME
"rct.dev.bbntimes.com"
SERVER_PORT
"443"
SERVER_PROTOCOL
"HTTP/1.1"
SERVER_SIGNATURE
"<address>Apache Server at rct.dev.bbntimes.com Port 443</address>\n"
SERVER_SOFTWARE
"Apache"
SSL_TLS_SNI
"rct.dev.bbntimes.com"
SYMFONY_DOTENV_VARS
"APP_ENV,APP_SECRET,DATABASE_URL,MARIADB_PASSWORD,CORS_ALLOW_ORIGIN,MAILER_DSN,GOOGLE_RECAPTCHA_SECRET_KEY,GOOGLE_RECAPTCHA_SITE_KEY"
UNIQUE_ID
"aFjS64XZ5aI4E6hTId-jXAAAAIM"

Sub Requests 6

CookieController :: renderAnalysis (token = 62f8c3)

Key Value
_controller
"App\Controller\CookieController::renderAnalysis"
_format
"html"
_locale
"en"
_stopwatch_token
"8dbe87"

AppController :: renderHeader (token = 163eff)

Key Value
_controller
"App\Controller\AppController::renderHeader"
_format
"html"
_locale
"en"
_stopwatch_token
"8b71e0"
slug
"home"

ArticleController :: trendingArticle (token = 8c5d14)

Key Value
_controller
"App\Controller\ArticleController::trendingArticle"
_format
"html"
_locale
"en"
_stopwatch_token
"00c5cd"
category
"Technology"

ArticleController :: relatedArticles (token = 26ba49)

Key Value
_controller
"App\Controller\ArticleController::relatedArticles"
_format
"html"
_locale
"en"
_stopwatch_token
"7b76d5"
current_article
App\Entity\Article {#1094
  -id: 4621
  -title: "Nothing Gets Governments Together Quite Like Cryptocurrencies"
  -slug: "nothing-gets-governments-together-quite-like-cryptocurrencies"
  -introtext: "<p><span style="color: #000000;">With concerns growing over the use of cryptocurrencies to facilitate capital flight and money laundering, governments are banding together to share personal user data involving cryptocurrency transactions.</span></p>\r\n"
  -content: """
    \r\n
    <p id="a086" class="ox oy dg bt oz b pa pb pc pd pe pf pg ph pi pj pk pl" data-selectable-paragraph=""><span style="color: #000000;"><span class="s pm pn po pp pq pr ps pt pu gl">W</span>hen Roger Dudley first opened his video rental store in 1987 in the small rural town of Ashton, Idaho, his first thoughts were of putting in an “adults only” section.</span></p>\r\n
    <figure class="pw px py pz qa gf n o paragraph-image" style="text-align: center;">\r\n
    <div class="nz oa gl ob p">\r\n
    <div class="n o xi">\r\n
    <div class="gk s gl gm">\r\n
    <div class="rb s">\r\n
    <div class="gg gh t u v fg p fp gi gj"></div>\r\n
    <span style="color: #000000;"><img class="hx hy t u v fg p gr" role="presentation" src="https://miro.medium.com/max/12000/1*u8eXBTntypxC1MV7rmoB3Q.jpeg" alt="" width="870" height="580" /></span></div>\r\n
    </div>\r\n
    </div>\r\n
    </div>\r\n
    <figcaption class="bx fo qc da mv q n o qd qe bs fn" data-selectable-paragraph=""><span style="color: #808080;"><strong><br />#VHSandChill (Photo by&nbsp;Marina Hanna&nbsp;on&nbsp;Unsplash)<br /><br /></strong></span></figcaption></figure>\r\n
    <p id="7c47" class="ox oy dg bt oz b pa pb pc pd pe pf pg ph pi pj pk" data-selectable-paragraph=""><span style="color: #000000;">Despite Ashton’s staunchly Christian underpinnings, Dudley knew that there was a current of repressed sexual energies flowing within the community, something which the enterprising 40-year-old had every intention of harnessing for profit.</span></p>\r\n
    <p id="7f0c" class="ox oy dg bt oz b pa pb pc pd pe pf pg ph pi pj pk" data-selectable-paragraph=""><span style="color: #000000;">Whether men or women, Dudley knew that there would be demand for “adult” films in VHS format so he converted a back room with a big “adults only” sign hung on the top and some beaded curtains to veil the entrance.</span></p>\r\n
    <p id="e015" class="ox oy dg bt oz b pa pb pc pd pe pf pg ph pi pj pk" data-selectable-paragraph=""><span style="color: #000000;">And while the number of people walking into the “adults only” section and browsing was high, the number who actually made it to the cashier to rent the “adult-only” videos was very small — those who did rent the videos tended to come at odd hours when the store was near empty and also tended not to make eye contact with Dudley.</span></p>\r\n
    <p id="5ba1" class="ox oy dg bt oz b pa pb pc pd pe pf pg ph pi pj pk" data-selectable-paragraph=""><span style="color: #000000;">Reviewing closed-circuit surveillance footage of the backroom, Dudley noticed that when people picked out a VHS they wanted to rent, they had a habit of walking a couple of rounds around the backroom before realizing that the cashier was out front and then putting the videos back on the shelf.</span></p>\r\n
    <p id="a241" class="ox oy dg bt oz b pa pb pc pd pe pf pg ph pi pj pk" data-selectable-paragraph=""><span style="color: #000000;">It was then that Dudley recognized what the issue was.</span></p>\r\n
    <p id="9c8c" class="ox oy dg bt oz b pa pb pc pd pe pf pg ph pi pj pk" data-selectable-paragraph=""><span style="color: #000000;">In prudish Ashton, people were too embarrassed to be seen carrying these videos out the front door and they didn’t want to use their real names when renting them out.</span></p>\r\n
    <p id="146f" class="ox oy dg bt oz b pa pb pc pd pe pf pg ph pi pj pk" data-selectable-paragraph=""><span style="color: #000000;">Dudley saw an opportunity where others would have seen failure.</span></p>\r\n
    <p id="891c" class="ox oy dg bt oz b pa pb pc pd pe pf pg ph pi pj pk" data-selectable-paragraph=""><span style="color: #000000;">First, he added a second cashier to the “adults only” backroom. Then, instead of asking for people to produce their IDs, they would have their video rentals tied to a unique ID number that was then tied at the front cashier to their real IDs.</span></p>\r\n
    <p id="3da1" class="ox oy dg bt oz b pa pb pc pd pe pf pg ph pi pj pk" data-selectable-paragraph=""><span style="color: #000000;">And while this may not seem like a big deal today, in 1987, the idea of a secondary ID at a video store in the middle of nowhere, was revolutionary.</span></p>\r\n
    <p id="29d4" class="ox oy dg bt oz b pa pb pc pd pe pf pg ph pi pj pk" data-selectable-paragraph=""><span style="color: #000000;">So anytime a customer at the store wanted to take out an “adult-only” video for an evening of bawdy entertainment, they only needed to quote their pseudonymous ID number and pay at the back cashier, making the process seamless and discreet.</span></p>\r\n
    <p id="abd5" class="ox oy dg bt oz b pa pb pc pd pe pf pg ph pi pj pk" data-selectable-paragraph=""><span style="color: #000000;">Soon, Dudley’s backroom was making in one month, what his front room was making in three.</span></p>\r\n
    <p id="30c2" class="ox oy dg bt oz b pa pb pc pd pe pf pg ph pi pj pk" data-selectable-paragraph=""><span style="color: #000000;">It’s not as if the pseudonymous nature of Dudley’s customer ID offering made his “adult-only” content any more desirable, it’s that customers, even if what they’re engaging in is not particularly nefarious, can and will appreciate being discreet when it comes to certain matters.</span></p>\r\n
    <h2 id="f3e4" class="qk gt dg bt bs di ql qm qn qo qp qq qr qs qt qu qv" data-selectable-paragraph=""><span style="color: #10228b;">Countries Think of Conquering Cryptocurrency</span></h2>\r\n
    <p id="8648" class="ox oy dg bt oz b pa qw pc qx pe qy pg qz pi ra pk" data-selectable-paragraph=""><span style="color: #000000;">So when it was announced that the Financial Action Task Force (FATF), an international organization comprising of over 30 member countries and economies, would be managing a new system to collect and share personal data on individuals who conduct cryptocurrency transactions, the move was met with more than a little bit of skepticism as to its efficacy and reach.</span></p>\r\n
    <p id="dc8c" class="ox oy dg bt oz b pa pb pc pd pe pf pg ph pi pj pk" data-selectable-paragraph=""><span style="color: #000000;">To be sure, the stated goal of the FATF is to prevent funds from being laundered or feeding terrorist organizations and other nefarious uses by shedding more light on those who would use cryptocurrencies, but the devil as always will be in the details and executing such a plan is no mean feat.</span></p>\r\n
    <figure class="pw px py pz qa gf n o paragraph-image" style="text-align: center;">\r\n
    <div class="nz oa gl ob p">\r\n
    <div class="n o pv">\r\n
    <div class="gk s gl gm">\r\n
    <div class="xj s">\r\n
    <div class="gg gh t u v fg p fp gi gj"></div>\r\n
    <span style="color: #000000;"><img class="hx hy t u v fg p gr" role="presentation" src="https://miro.medium.com/max/3840/1*iAV9A-n1YCV4QjbA0qggpg.jpeg" alt="" width="1003" height="671" /></span></div>\r\n
    </div>\r\n
    </div>\r\n
    </div>\r\n
    <figcaption class="bx fo qc da mv q n o qd qe bs fn" data-selectable-paragraph=""><span style="color: #808080;"><strong><br />“So Junior, tomorrow we’ll be moving our cryptocurrency exchange right here.”(Image by&nbsp;Mojca JJ&nbsp;from&nbsp;Pixabay)<br /><br /></strong></span></figcaption></figure>\r\n
    <p id="b27e" class="ox oy dg bt oz b pa pb pc pd pe pf pg ph pi pj pk" data-selectable-paragraph=""><span style="color: #000000;">Many cryptocurrency purists had long foreseen this day and even more had prepared for it, which is why decentralized exchanges — near anonymous forums for cryptocurrency trading — think of it as Craigslist for your cryptocurrency — have been on the ascendancy.</span></p>\r\n
    <p id="dbbb" class="ox oy dg bt oz b pa pb pc pd pe pf pg ph pi pj pk" data-selectable-paragraph=""><span style="color: #000000;">Even one of the world’s biggest centralized cryptocurrency exchanges Binance has launched a decentralized exchange.</span></p>\r\n
    <p id="16e1" class="ox oy dg bt oz b pa pb pc pd pe pf pg ph pi pj pk" data-selectable-paragraph=""><span style="color: #000000;">And the ability of digital assets to leap across artificially constructed political boundaries as well as formidable geographical ones, with both impunity and anonymity, amidst a backdrop of patchy cryptocurrency regulation (where available), means that the FATF’s challenge will always be a formidable one.</span></p>\r\n
    <p id="941b" class="ox oy dg bt oz b pa pb pc pd pe pf pg ph pi pj pk" data-selectable-paragraph=""><span style="color: #000000;">For now, 15 countries will join hands, including the G7 countries (France, United States, Italy, Canada, Germany, Japan, United Kingdom), Australia and Singapore, to develop the FATF’s cryptocurrency monitoring system.</span></p>\r\n
    <p id="8e33" class="ox oy dg bt oz b pa pb pc pd pe pf pg ph pi pj pk" data-selectable-paragraph=""><span style="color: #000000;">The most obvious place to start of course would be centralized exchanges, a move which Japan spearheaded when cryptocurrencies first became more visible, by being the first country to introduce a legal framework for cryptocurrency exchanges and setting up a registry in 2017.</span></p>\r\n
    <p id="d3cf" class="ox oy dg bt oz b pa pb pc pd pe pf pg ph pi pj pk" data-selectable-paragraph=""><span style="color: #000000;">But because cryptocurrency exchanges have always been able to engage in regulatory arbitrage, given the non-geographically tied-down nature of their business, enforcing rules to govern cryptocurrency exchanges has always been a challenge.</span></p>\r\n
    <h2 id="7c58" class="qk gt dg bt bs di ql qm qn qo qp qq qr qs qt qu qv" data-selectable-paragraph=""><span style="color: #10228b;">You Can’t Govern What You Can’t Catch</span></h2>\r\n
    <p id="b17a" class="ox oy dg bt oz b pa qw pc qx pe qy pg qz pi ra pk" data-selectable-paragraph=""><span style="color: #000000;">And while G20 finance ministers and central bank governors meeting in June this year agreed to work toward introducing licensing and registration systems for cryptocurrency exchange operators — history has demonstrated how slow multilateral co-operation is in reality when national interests prevail.</span></p>\r\n
    <p id="493f" class="ox oy dg bt oz b pa pb pc pd pe pf pg ph pi pj pk" data-selectable-paragraph=""><span style="color: #000000;">For one thing, just as weaker policing of environmental laws draws polluting companies to relocate their operations to certain countries, even if these globally-harmonized laws regarding cryptocurrencies are brought into force, the economic incentive for countries to look the other way in their enforcement is huge.</span></p>\r\n
    <figure class="pw px py pz qa gf n o paragraph-image" style="text-align: center;">\r\n
    <div class="nz oa gl ob p">\r\n
    <div class="n o pv">\r\n
    <div class="gk s gl gm">\r\n
    <div class="xk s">\r\n
    <div class="gg gh t u v fg p fp gi gj"></div>\r\n
    <span style="color: #000000;"><img class="hx hy t u v fg p gr" role="presentation" src="https://miro.medium.com/max/3840/1*Xiekmyc03VJicMdxuoCfQg.jpeg" alt="" width="1056" height="690" /></span></div>\r\n
    </div>\r\n
    </div>\r\n
    </div>\r\n
    <figcaption class="bx fo qc da mv q n o qd qe bs fn" data-selectable-paragraph=""><span style="color: #808080;"><strong><br />That moment when tech workers saw the value of unionizing. (Image by&nbsp;rawpixel&nbsp;from&nbsp;Pixabay)<br /><br /></strong></span></figcaption></figure>\r\n
    <p id="d7e6" class="ox oy dg bt oz b pa pb pc pd pe pf pg ph pi pj pk" data-selectable-paragraph=""><span style="color: #000000;">Cryptocurrency exchanges are vastly complex technological operations, providing employment for a legion of coders, software developers, marketers, and business developers — all of which are generally high paying, high value jobs and which can provide ancillary benefits in the form of the services which these professionals demand — housing, restaurants, entertainment — all of which contribute to a country’s economic activity.</span></p>\r\n
    <p id="e651" class="ox oy dg bt oz b pa pb pc pd pe pf pg ph pi pj pk" data-selectable-paragraph=""><span style="color: #000000;">The economic incentives for jurisdictions to simply pay lip service to these expanded international regulations on cryptocurrencies just won’t work unless&nbsp;<em class="qg">every</em>&nbsp;country in the world has an incentive for it to work — like how it has for aviation.</span></p>\r\n
    <h2 id="1c28" class="qk gt dg bt bs di ql qm qn qo qp qq qr qs qt qu qv" data-selectable-paragraph=""><span style="color: #10228b;">No Incentive for Cooperation</span></h2>\r\n
    <p id="8925" class="ox oy dg bt oz b pa qw pc qx pe qy pg qz pi ra pk" data-selectable-paragraph=""><span style="color: #000000;">Globally, aviation regulations are harmonized through ICAO — the International Civil Aviation Organization, a specialized agency of the United Nations, which codifies the principles and techniques of international air navigation and helps to ensure the safe and orderly management of the global aviation environment.</span></p>\r\n
    <p id="8709" class="ox oy dg bt oz b pa pb pc pd pe pf pg ph pi pj pk" data-selectable-paragraph=""><span style="color: #000000;">Countries may have some local deviations from ICAO regulations, but for the most part, it’s in the interests of countries to comply with ICAO rules — and indeed, 192 out of 193 United Nations member countries (Lichtenstein has no international airport) are members of the organization.</span></p>\r\n
    <p id="56b1" class="ox oy dg bt oz b pa pb pc pd pe pf pg ph pi pj pk" data-selectable-paragraph=""><span style="color: #000000;">And the incentive to play by ICAO rules is far greater than to ignore them.</span></p>\r\n
    <figure class="pw px py pz qa gf n o paragraph-image" style="text-align: center;">\r\n
    <div class="nz oa gl ob p">\r\n
    <div class="n o pv">\r\n
    <div class="gk s gl gm">\r\n
    <div class="qb s">\r\n
    <div class="gg gh t u v fg p fp gi gj"></div>\r\n
    <span style="color: #000000;"><img class="hx hy t u v fg p gr" role="presentation" src="https://miro.medium.com/max/3840/1*0eRvfXngNmFeyTNwsRz2BA.jpeg" alt="" width="966" height="725" /></span></div>\r\n
    </div>\r\n
    </div>\r\n
    </div>\r\n
    <figcaption class="bx fo qc da mv q n o qd qe bs fn" data-selectable-paragraph=""><span style="color: #808080;"><strong><br />That moment when you realize aviation regulatory arbitrage has actual costs. (Image by&nbsp;Ryan Lind&nbsp;from&nbsp;Pixabay)<br /><br /></strong></span></figcaption></figure>\r\n
    <p id="f187" class="ox oy dg bt oz b pa pb pc pd pe pf pg ph pi pj pk" data-selectable-paragraph=""><span style="color: #000000;">Airlines won’t want to fly into airports that engage in regulatory arbitrage and passengers won’t want to fly on airlines that do so either. Airports with more lax safety regulations don’t make them more attractive to fly to.</span></p>\r\n
    <p id="129c" class="ox oy dg bt oz b pa pb pc pd pe pf pg ph pi pj pk" data-selectable-paragraph=""><span style="color: #000000;">But for cryptocurrencies, there are strong economic incentives to disregard international rules — cryptocurrency exchanges, mobile as they are, will necessarily gravitate towards countries with more friendly regulations.</span></p>\r\n
    <p id="790c" class="ox oy dg bt oz b pa pb pc pd pe pf pg ph pi pj pk" data-selectable-paragraph=""><span style="color: #000000;">And then there’s the issue of enforcement.</span></p>\r\n
    <p id="27a0" class="ox oy dg bt oz b pa pb pc pd pe pf pg ph pi pj pk" data-selectable-paragraph=""><span style="color: #000000;">While regulators can target centralized cryptocurrency exchanges to insist on adherence to know-your-customer (KYC) and anti-money-laundering (AML) rules — decentralized exchanges, platforms where no corporate entity may exist or for which no centralized organization controls, will be far more difficult to police.</span></p>\r\n
    <p id="6c20" class="ox oy dg bt oz b pa pb pc pd pe pf pg ph pi pj pk" data-selectable-paragraph=""><span style="color: #000000;">Then there’s the murky world of cryptocurrency-fiat off-ramps, where such transactions can be completed in the shadows.</span></p>\r\n
    <p id="daff" class="ox oy dg bt oz b pa pb pc pd pe pf pg ph pi pj pk" data-selectable-paragraph=""><span style="color: #000000;">The very nature of cryptocurrencies and the technology upon which they were built on makes the industry challenging to regulate, regardless of global harmonization of laws.</span></p>\r\n
    <p id="5b71" class="ox oy dg bt oz b pa pb pc pd pe pf pg ph pi pj pk" data-selectable-paragraph=""><span style="color: #000000;">Where cryptocurrencies are used for nefarious purposes, the bulk of such transactions rarely, if ever, occur on centralized and highly visible cryptocurrency exchanges.</span></p>\r\n
    <p id="76e1" class="ox oy dg bt oz b pa pb pc pd pe pf pg ph pi pj pk" data-selectable-paragraph=""><span style="color: #000000;">And ironically, the global push for greater transparency in managing cryptocurrency transactions and their actors may have the unintended effect of pushing cryptocurrencies closer into the mainstream — you can’t regulate what you don’t recognize.</span></p>\r\n
    <p id="2438" class="ox oy dg bt oz b pa pb pc pd pe pf pg ph pi pj pk" data-selectable-paragraph=""><span style="color: #000000;">For governments to push for harmonizing cryptocurrency laws is an admission that cryptocurrencies are a force that&nbsp;<em class="qg">requires</em>&nbsp;regulation — validating their existence and in a very perverse way, recognizing their significance.</span></p>\r\n
    <p id="673c" class="ox oy dg bt oz b pa pb pc pd pe pf pg ph pi pj pk" data-selectable-paragraph=""><span style="color: #000000;">Nonetheless, governments are choosing to work together to create a regulatory framework for cryptocurrencies should be welcome. To ignore the industry altogether would be willful blindness to the potential harm that the misuse of cryptocurrencies could perpetuate.</span></p>\r\n
    <p id="dc64" class="ox oy dg bt oz b pa pb pc pd pe pf pg ph pi pj pk" data-selectable-paragraph=""><span style="color: #000000;">But regulators are well-advised to study the extent and nature of the beast that they are attempting to cage, because arguably, current technologies and regulatory channels are ill-equipped to tame it.</span></p>
    """
  -user: Proxies\__CG__\App\Entity\User {#1092 …}
  -createdAt: DateTime @1567528955 {#1145
    date: 2019-09-03 16:42:35.0 UTC (+00:00)
  }
  -updatedAt: DateTime @1567532650 {#1150
    date: 2019-09-03 17:44:10.0 UTC (+00:00)
  }
  -deletedAt: null
  -category: App\Entity\Category {#445 …}
  -status: "published"
  -imageCard: Proxies\__CG__\App\Entity\File {#1184 …}
  -ImageHeader: Proxies\__CG__\App\Entity\File {#1184 …}
  -featured: false
  -mainView: false
  -clicks: 2603
  -comments: Doctrine\ORM\PersistentCollection {#1125 …}
  -reviewed_at: DateTime @1567528950 {#1148
    date: 2019-09-03 16:42:30.0 UTC (+00:00)
  }
  -metakey: ""
  -metadesc: "With concerns growing over the use of cryptocurrencies to facilitate capital flight and money laundering, governments are banding together to share personal user data involving cryptocurrency transactions."
  -robots: null
  -publishedAt: DateTime @1567528950 {#1147
    date: 2019-09-03 16:42:30.0 UTC (+00:00)
  }
  -canonical: null
  -superTag: null
}

AppController :: renderFooter (token = 70547a)

Key Value
_controller
"App\Controller\AppController::renderFooter"
_format
"html"
_locale
"en"
_stopwatch_token
"3ed271"

CookieController :: renderCookie (token = 3038aa)

Key Value
_controller
"App\Controller\CookieController::renderCookie"
_format
"html"
_locale
"en"
_stopwatch_token
"5ff739"