Cryptocurrencies like any other digital technologies have undeniably been used by criminals for several illicit activities. These are some of the reasons why various authorities have been implementing strict regulations for the crypto industry.

Kenneth Blanco, director of the Financial Crimes Enforcement Network (FinCEN), has said that anti-money laundering laws also apply to crypto firms. He added that whether stable, centralized or decentralized crypto, all their firms are also subject to the Bank Secrecy Act.

However, John McAfee, a diehard advocate for crypto has expressed his discernment to this claim. He mentioned in a recent interview that, crypto exchanges and their likes should be responsible for actively fighting against crime.

During his interview with Hill.tv, McAfee said it’s irrational for national authorities to expect crypto firms to patrol criminal activities.

McAfee made these comments in the context of founding his McAfee DEX, a new crypto decentralized exchange solution. For the past few weeks, He has been tweeting about the U.S SEC regarding his new business as a threat.

If I sell bicycles should I be required to place tracking devices in them so that it's easy for the police to nab thieves? Knowing the authorities can monitor you?



Not me!!! But they are trying to force us to accept worse in crypto exchanges.https://t.co/Zfirnqr23K — John McAfee (@officialmcafee) November 13, 2019

His startup seems to be one of the few decentralized exchanges that have virtually not been touched by regulators.

The businessman claims that the freedom and transparency that blockchain and crypto are providing to the world outweighs the small impact of criminals in this technology.

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