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Bitcoin Is a ‘Boon for Surveillance’, Says Former CIA Director
Summary: Michael Morell, who was previously the CIA’s acting director, said in ‘An Analysis of Bitcoin’s Use in Illicit Finance’ that “blockchain technology is a powerful but underutilized forensic tool for governments to identify illicit activity and bring criminals to justice.” Published by the recently formed Crypto Council for Innovation, led by Coinbase and Square, among ...
Michael Morell, who was previously the CIA’s acting director, said in ‘An Analysis of Bitcoin’s Use in Illicit Finance’ that “blockchain technology is a powerful but underutilized forensic tool for governments to identify illicit activity and bring criminals to justice.”
Published by the recently formed Crypto Council for Innovation, led by Coinbase and Square, among others, the report concluded that criminal use of Bitcoin is “significantly overstated”—rather than being the currency of choice for criminals, it can be used to catch them.
By Amy Liu
Tags: Bitcoin,CIA,Government,Michael Morell
Link: Bitcoin Is a ‘Boon for Surveillance’, Says Former CIA Director [Copy]
