Founder of Microsoft Corporation, Bill gates recently attended a Reddit “Ask Me Anything” session. During the session when asked about his views on cryptocurrencies like Bitcoin, he said, “The main feature of crypto currencies is their anonymity. I don’t think this is a good thing. The [government’s] ability to find money laundering and tax evasion and terrorist funding is a good thing. Right now cryptocurrencies are used for buying drugs so it is a rare technology that has caused deaths in a fairly direct way.”
However when asked that real, physical currency is also used to fund illegal activity, he countered with the ability to send money via Bitcoin remotely. According to him cash transfers require a physical handover which can help detection. He also cautioned the users against price volatility and the speculation associated with ICOs.
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