Bitcoin Is Too Transparent, Says Blockchain Surveillance Firm Executive
James Smith, CEO of Elliptic, a new start-up that specializes in the provision of blockchain intelligence to law enforcement and other financial institutions, stated during the Blockchain Money conference held in London last week that “Bitcoin is too transparent.” In his presentation Smith stated that they have identified 200,000 bitcoin addresses, but “we don’t try to identify every user, what we identify is criminal authority.” The “vast majority of the activity in bitcoin is perfectly legitimate,” he stated, before introducing Alphabay, a darknet drugs market. They are pretty well run,....
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