Securrency CEO: Anonymity in cryptocurrency transactions will only lead to more illegal activities

In the latest Off the Chain podcast show, Securrency CEO Dan Doney said that anonymity in cryptocurrency transactions would only lead to more illegal activities. Doney said: "You can conduct private transactions, and we will do our best to protect privacy. But anonymity is untenable in such an environment. Because throughout human history, when you allow anonymous financial transactions, It is unfortunate that the government must step in. "

Doney added that he could easily send $ 100 million in bitcoin to traffickers in Iran or Thailand if he wanted, and that was where the government had to step in. When it comes to physical currencies, similar funds transfers are unlikely to occur, at least not as easily as cryptocurrencies. It went on to say that this issue could be addressed with a "regulated stablecoin."