There Is A Lot More Fiat Crimes Than Crypto, – Mary Beth Buchanan Says
We should “get rid of the negative connotations”, said Mary Beth Buchanan, former U.S Federal Prosecutor about Bitcoin on Monday, June 4 at the conference Money20/20 Europe in Amsterdam.
In the past, she used to deal with a great number of crimes and states that saying there are more crypto crimes than usual ones is rather unfair, since, unlike fiat, cryptocurrency can be traced. However, Buchanan notes that although law enforcement is able to trace transactions on a blockchain, it still has room for improvement, as well as regulations that seem outdated today.
Currently, Buchanan serves as a General Counsel to crypto exchange Kraken. Being very involved in the industry, she considers cryptocurrencies a “wonderful tool”.