Bitcoin Is a ‘Boon for Surveillance’, Says Former CIA Director
Blockchain technology is underutilized as a forensic tool, argues Michael Morell in a new report.
In brief
The narrative that criminals are using Bitcoin for illicit activities is overstated, a new report by Former CIA Director Michael Morell argues.
Government agencies should make better use of Bitcoin s technology as a forensic tool, he said.
The technology behind Bitcoin is a “boon for surveillance” and shouldn’t be shunned by governments but embraced, according to an ex-CIA boss.
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.”
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