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Business 57 mins ago I agree that crypto is a huge part of the problem because of the ability to receive payments anonymously, but I don t think we should ban it, Alperovitch said on Power Lunch. I mean, if we banned computers we would also solve the problem, but no one is suggesting that.
Instead, Alperovitch, who left the California-based cybersecurity firm early last year, said a range of rules could be implemented to counteract ransom payments being made in digital currencies, such as bitcoin. I do think that regulations on cryptocurrency know your customer, anti-money laundering regulations to make sure that large transfers are tracked and these criminals can t receive them anonymously are going to be very, very important in stemming this problem, he said.