Bitcoin is Not A Tool For Illegitimate Transactions, Says Quebec Chief Scientist
From Cointelegraph
The Chief Scientist of Quebec Rémi Quirion says public concern that Bitcoin is being used for illicit activities like tax evasion and money laundering is largely overblown, Forbes reports April 18.Read more: https://cointelegraph.com/news/bitcoin-is-not-a-tool-for-illegitimate-transactions-says-quebec-chief-scientistThe statement prepared by the l’Agence Science-Presse, which is a partner of Fonds de Recherche du Québec, said, “Bitcoin is not above the law, nor is it a magnet for illicit transactions: it forms only a tiny part of the criminal money circulating around the planet.”
They add that the transparent and public nature of the Bitcoin Blockchain, where transactions are recorded and distributed across a global network, is not an ideal platform for engaging in anonymous criminal activity.
“The anonymity of Bitcoin is a myth, [it] is no more transparent as money, because you have to go through a platform where you have to give personal information. At the limit, if the name is not his, we always know the address of the transmitter and that of the receiver.”
While it is only a provincial government scientist I'm still pleased with the blockchain and cryptocurrency sentiment I see in the media here in Canada. Our stock market right now is lighting up with marijuana and blockchain stocks, Oh Canada!
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Nice post.....this is informative. Thanks for sharing. Really, it's not a tool for illegitimate transactions.
now they are saying it when bitcoin already been used to turn black money into white since 2013 . Nothing is private the moment you plug into the internet. aaah poor coin telegraph only prints paid news.
thanks for the late breaking news though
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Bitcoin is not widely used in the darknet and will never be, but other cryptocurrencies are more popular there. When a politic says bitcoin is ussed for criminal activities, he doesn't actually care if ti is truth. Truth is not something you care about in politics since 1945.