John McAfee: “Fighting crime is not the responsibility of cryptocurrency companies.

John McAfee: “Fighting crime is not the responsibility of cryptocurrency companies.

Regulators
November 13, 2019 by cryptorolling.com
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American businessman and cryptocurrency enthusiast John McAfee believes that cryptocurrency companies are not obliged to prevent the use of cryptocurrencies for crimes.
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The Hill reports that while McAfee himself is concerned about the use of cryptocurrencies in illegal activities, he believes that cryptocurrency exchanges and companies should not monitor suspicious activity.

“You cannot impose such a duty on me as an employer. You can’t force me to help prevent something that could be a crime,” said John McAfee.

The businessman said: “The social aspect of freeing people from too much intrusive and corrupt power is far more important than the small role that criminals play in this technology.

Many cryptocurrency platforms do not share the point of view of the founder of the antivirus firm McAfee and try to minimize criminal activity in their field of responsibility. Recently, CipherTrace has added support for more than 700 crypto-actives, including BNB, USDT, LTC and ETH, as well as many ERC-20 tokens.

In October this year, John McAfee launched a beta version of the McAfeeDex decentralised stock exchange, which operates on the Etherium blockchain. According to the published data, the decentralized McAfeeDex exchange will not perform KYC-checks of clients, will operate in all jurisdictions and charge a single fee for the use of the platform at a rate of 0.25% of the transactions.

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