In an interview conducted earlier this month at the Chainxchange Blockchain convention, Lilia Infante, a special agent with the U.S. Department of Justice (DOJ) who pioneered the DOJ’s first Cyber Investigative Task Force looking at the use of cryptocurrencies in criminal investigations, recently discussed her views regarding the adoption of virtual currencies.
Lilia Infante, special agent with the U.S. Department of Justice, recently discussed her opinion regarding the adoption of cryptocurrencies worldwide. Mrs. Infante was involved in the establishment and launch of the Department of Justice’s first Cyber Investigative Task Force that focused on the use of virtual currencies in criminal investigations.
“The only problem is adoption,” Mrs. Infante stated. “What kind of importance do people put on immutability and privacy? Things that make Bitcoin special… The problem is nobody cares. Your average person is totally happy with their bank account, with their Paypal, with their Venmo. They like to have someone to rely on if their transaction doesn’t go through, and transactions are doing just fine. The use is there. It’s more about the importance, the motivation of why I’m going to use this,” she said.
Addressing the cryptocurrency community, Mrs. Infante encouraged cooperation between virtual currency exchanges and regulators, stating: “If you want this technology to continue to thrive […] companies that act as exchanges for crypto […] they need to cooperate with the government.”
Mrs. Infante continued: “A lot of these companies that don’t cooperate with the government will not survive because the government is here to stay, even though there are many libertarian individuals who think otherwise. It’s in their greater interest to help catch bad actors to make crypto bad. We don’t want the main use for crypto to be criminal activity. We want them to help us like how banks help catch terrorists and money launderers. That way we’ll clean out this industry […] I love blockchain technology personally, and I don’t want it to be associated with criminal activity. I want it to thrive further than that.”
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Categories: Crypto Currency