Ex-CIA Director Proved Bitcoin Use in Illicit or Crime to be disprove

[electronicash]

this could just be an excuse to force exchanges so they could seize information. they know very well how they could track everyone. yellen pretty sure had been educated as much as this ExCIA how blockchain works. i'm sure they can ask the exchanges for access to their database regarding the kyc they've gathered and where the coins are sent from our wallets.  they started with Kraken already.

[1715069073]

1715069073

[1715069073]

1715069073

[1715069073]

1715069073

[lixer]

To achieve his goal, Morell consulted many experts in financial services, payment systems, global intelligence, even former senior government officials. The Ex-CIA director himself used to believe Bitcoin and cryptocurrencies are a convenient way of sending money anonymously.

However, the research made him changed his mind. He was able to reach important conclusions: Bitcoin’s use as an illicit finance tool is “significantly overstated” which fiat currency is used for Illicit or Crime than cryptocurrency

I know very well that the fiat currency is the one that is being used mostly by those that are into scamming and all of that. Though I do know that there are some illicit activities where bitcoin is being used, but I have always believed that there isn’t many of them that are making use of cryptocurrency as a payment method, it’ has always been fiat that they prefer to be making use of.

So, the government or anyone trying to say that these currencies should be stopped for that same reason is a big lie. It’s just like the Nigeria central bank that banned bitcoin and claimed it’s because it is being used for illicit activities, they are just making up foolish lies, lots of their politicians have been laundering money from them and using fiat to do it and they never found out lol, that’s one of the worst central bank there is.

[kryptqnick]

It's great that the purpose of the report is to disprove the point about Bitcoin being a tool for illegal activities. I'm glad that the result of this research is that this point is overstated, especially since the guy who did it wasn't initially pro-Bitcoin.
However, I believe that it would also make sense to compare Bitcoin usage to fiat usage when it comes to illegal activities because somehow people don't say that we should strictly regulate the usage of USD because it's used for illegal activities, so some sort of comparison could be useful.

[suzanne5223]

To achieve his goal, Morell consulted many experts in financial services, payment systems, global intelligence, even former senior government officials. The Ex-CIA director himself used to believe Bitcoin and cryptocurrencies are a convenient way of sending money anonymously.

However, the research made him changed his mind. He was able to reach important conclusions: Bitcoin’s use as an illicit finance tool is “significantly overstated” which fiat currency is used for Illicit or Crime than cryptocurrency

I know very well that the fiat currency is the one that is being used mostly by those that are into scamming and all of that. Though I do know that there are some illicit activities where bitcoin is being used, but I have always believed that there isn’t many of them that are making use of cryptocurrency as a payment method, it’ has always been fiat that they prefer to be making use of.

So, the government or anyone trying to say that these currencies should be stopped for that same reason is a big lie. It’s just like the Nigeria central bank that banned bitcoin and claimed it’s because it is being used for illicit activities, they are just making up foolish lies, lots of their politicians have been laundering money from them and using fiat to do it and they never found out lol, that’s one of the worst central bank there is.

It something that's easy to understand because all transaction carried out through Bitcoin are not totally anonymous while fiat currency can be easily moved in person from one destination to another without knowing who does the transaction and the last time I checked most people that are into an illicit business like fiat currency that crypto.

[bbc.reporter]

Agreed on the less than 1% if you consider bitcoin transactions from wallets to exchange and then back to wallets. Much of bitcoin’s transactions are motivated by speculation, however, the percentage for underground transactions should be more if you remove those transactions to the exchanges and from them.

There's also the undocumented crimes that slip past the eyes of the law enforcement agencies, they aren't accounted so I disagree with the fact that there is less than 1% and I think that this ex-CIA director is just reporting false numbers because they seem to have a benefit in this thing.

We do not know the real percentage, however, is it really bad if this percentage was more than 10%? Anyone who understood the technology behind bitcoin and some of the other cryptocoins would accept that they are very good mediums for criminality. I am only annoyed by some people who deny this because it might be a threat to the pump.

[Argoo]

Agreed on the less than 1% if you consider bitcoin transactions from wallets to exchange and then back to wallets. Much of bitcoin’s transactions are motivated by speculation, however, the percentage for underground transactions should be more if you remove those transactions to the exchanges and from them.

There's also the undocumented crimes that slip past the eyes of the law enforcement agencies, they aren't accounted so I disagree with the fact that there is less than 1% and I think that this ex-CIA director is just reporting false numbers because they seem to have a benefit in this thing.

We do not know the real percentage, however, is it really bad if this percentage was more than 10%? Anyone who understood the technology behind bitcoin and some of the other cryptocoins would accept that they are very good mediums for criminality. I am only annoyed by some people who deny this because it might be a threat to the pump.

Previously, similar studies have already been carried out in the United States and Europe, and by government agencies. They showed that bitcoin is not as anonymous as previously assumed, and under certain circumstances, it may well be tracked by law enforcement agencies. Perhaps, and with this in mind, according to research results, bitcoin was used for illegal purposes in 5-6 percent of cases, while in another study, this percentage was about ten. Fiat currency is used for illegal purposes, in my opinion, much more often.

[franky1]

so as deputy director before 2013 he was part of the propaganda that bitcoin was darkweb money..
he probably earned a fair bit going to 'security' conferences to spout out that mantra in his official capacity

then after leaving his role and in his unofficial capacity he wants to get paid doing interviews to say that the CIA propaganda was wrong
.... bit late .. but getting paid jumping over a fence he created

its like the SEC guy that invented bitcoin NYLicence. .. and a year later left his role to join a bitcoin corporation to help advise people how to get around the licence or how to get through it quick and cheaply

[DoublerHunter]

^ The only reason why the Ex-CIA has to prove that BTCs legality and low rate or percentage of use in Illicit or illegal transaction is because of the greediest person Janet Yellen. Probably people already knew about her personal agenda and where she really is after and also the people behind her campaign that supports her because they find BTC as a threat to their business. If you will check carefully, the percentage of BTC being used for illicit purposes is way smaller than fiat now. The community has successfully controlled illegal stuff to be connected to cryptocurrency’s pioneer.