May 27, 2023

John McAfee: “Fighting crime is not the duty of cryptocurrency firms”

American entrepreneur and cryptocurrency enthusiast John McAfee believes cryptocurrency Firms are not required to prevent the use of crypto assets for crime.

The Washington edition of The Hill reports that althoughMcAfee 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 assign me such an obligation as an entrepreneur. You cannot force me to help prevent something that could be a crime, ”said John McAfee.

The entrepreneur emphasized: “The social dimension of letting go of people who are too intrusive and corrupt is much more important than the small role criminals play in this technology.”

Many cryptocurrency platforms do not share a pointview of the founder of the antivirus company McAfee and try to minimize criminal activity in the field of their responsibility. So, recently, CipherTrace added support for more than 700 crypto assets, including BNB, USDT, LTC and ETH, as well as many tokens of the ERC-20 standard.

In October of this year, John McAfee launchedbeta version of McAfeeDex decentralized exchange, powered by the Ethereum blockchain. According to published data, McAfeeDex decentralized exchange will not carry out KYC checks of customers, will work in all jurisdictions and will charge a single fee for using the platform in the amount of 0.25% of transactions.