The Future of Bitcoin and Law Enforcement

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The Future of Bitcoin and Law Enforcement – New York Bitcoin Hearings (Day 2 Panel 1). Virtual Currencies and Regulation in an Evolving Landscape.

Participants:
*Cyrus R. Vance, Jr- District Attorney of New York County
*Richard B. Zabel- Deputy U.S. Attorney for the Southern District of New York

Video Source: http://youtu.be/KyXovE0JHXI

4 COMMENTS

  1. These guys are clueless. Its cringe worthy to hear these dummies are meant to be the quote 'brightest' in their area. Bitcoin is NOT anonymous and easily traceable as every transaction is available to view by anyone on the public ledger, ie the bitcoin blockchain. Law enforcement would beable to track and trace and locate via ip address all bitcoin transactions due to complete transparency. Transparency is something the current financial system will never have due to its inherent corrupt nature. Law enforcement is unable to track and trace in the current financial system in certain parts of the world. There argument is completely contradictory. As traditional fiat currency's are used extensively by criminals to buy guns and drugs, launder money ect such as USD when compared to bitcoin. They are really stupid in thinking this argument will stick in the long term when statistical info clearly shows USD is used for alot more illicit activity's.

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