RATE Group | Former DoJ Prosecutor Turned Crypto VC: Bitcoin Helped Fight Crime
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Former DoJ Prosecutor Turned Crypto VC: Bitcoin Helped Fight Crime

08 Oct Former DoJ Prosecutor Turned Crypto VC: Bitcoin Helped Fight Crime

Posted at 22:07h in Bitcoin News by

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Ever since Facebook announced its crypto-asset dubbed Libra, the entire market, especially Bitcoin, has come under fire by regulators and their fears over the asset class’s use in criminal activities.

However, one former United States Department of Justice prosecutor turned crypto venture capitalist, says that while Bitcoin is regularly used for illegal activities, it’s not responsible for those crimes, and can actually help to solve them.

Bitcoin and Blockchain’s Digital Bread Crumbs Makes Following a Criminal’s Trail Easy

When the Bitcoin code was first released into the wild, with it came about the emergence of a powerful, new technology called blockchain. Blockchain is an immutable, distributed ledger that records every Bitcoin transaction, the sender, recipient, value, and more.

Blockchain is a revolutionary technology that will usher certain industries into the 21st century, and allow them to become more profitable, streamline processes, and more. Most can easily see the…

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