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Jason Choi @mrjasonchoi
, 8 tweets, 3 min read Read on Twitter
How do we stop money-laundering, drug- and terrorism-financing in bitcoin?

Committee responses at the recent Oversight of New Assets in the Digital Age public hearing:
"Trust FinCen to do their jobs." - @JoshFairfield of @wlulaw
"Rely on other law enforcement mechanisms that work around strong cryptography." - @AmberBaldet of @GrowClovyr
"Bitcoin is actually the worst tool to money launder because every transaction is registered and fully recordable so it's law enforcement's best friend." - @skupor of @a16z
"While the technology can be peer-to-peer, most activity takes place through a new type of intermediary where you can apply AML/KYC rules." - @DGorfine of @CFTC
"Rigorously require crypto exchanges to register - you may need to pass a law to do that - make sure they register and that all the AML/KYC is being done there" - Gary Gensler of @MITSloan, ex-CFTC
"The alleged Russian hackers were caught because they used bitcoin." - @LowellDNess of @PerkinsCoieLLP
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