The ledger function and immutability of blockchain are precisely the features that make criminal activities in such technologies unattractive, explained persistent crypto bull and Binance founder Changpeng Zhao.
Despite being commonly cited by crypto pessimists as the reason to avoid adoption, the idea that blockchain technology enables crime is a «complete myth», according to Binance CEO Changpeng «CZ» Zhao in an interview with «AFP» at a Paris-based tech conference.
«With large data, you can really figure out who owns which address with a fairly high degree of certainty,» he explained, highlighting that his firm worked with various law enforcement agencies worldwide. «Because of that, most criminals do not use blockchain for criminal activity. It's just a very bad tool.»
Unchartered Territory
According to Zhao, the nascency of blockchain technology has created difficulties for regulators and it could take decades before market rules and requirements are settled.
«The regulators...
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