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.”