Vatican Address to Highlight Bitcoin Use in Human Slave Trade

[mohit3110MM]

The Vatican is soon to host an address on how bitcoin and other cryptocurrencies are being used in the modern-day slave trade.

To be held today at the Pontifical Academy of Social Sciences (PASS) in the headquarters of the Roman Catholic Church, the talk by Bank of Montreal senior manager Joseph Mari is to provide an overview of the role cryptocurrencies play in money laundering, while highlighting the potential of blockchain to help the unbanked.

The second of a three-day long event, itself part of an even larger effort led by Pope Francis to eradicate slavery entirely by 2020, the address is expected to be given to an audience including the Vatican secretary of state, Cardinal Pietro Parolin, and other senior church leaders.

Since the Pope was named the leader of the Roman Catholic Church in 2013, he has made slavery a top priority of the church, helping inspire the recent PASS efforts, according to an internal document provided to CoinDesk.

In addition to today’s address on blockchain, the group has held other workshops, seminars and plenary meetings culminating in the organization's "core" recommendation to resettle slaves where they are found, if they so choose, rather than repatriate them.

Speaking in an exclusive interview with CoinDesk, Mari detailed the purpose of his particular address, and the potential bigger picture role it could play in fighting against what the International Labour Organization estimates is a $150 billion
 forced labor industry

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[Xavofat]

bitcoin and other cryptocurrencies are being used in the modern-day slave trade.

He could host an address about how a large number of major clothing companies are complicit in the slave trade, but instead he chooses to discuss a form of money which is not at all responsible for the slave trade and cannot be practically stopped from existing. 

Seems pretty pointless to me.

effort led by Pope Francis to eradicate slavery entirely by 2020

That's impossible.  All that you can eradicate is known slavery (as in known to authorities).  When there's seven billion people, there are going to be problems.  Unless of course you had so many cameras in the world that everywhere was being monitored at all times (including in private property).