Blockchain Alliance To Combat Criminal Activity

A public-private initiative named the “Blockchain Alliance” has been formed with the aim to tackle criminal activities with regards to blockchain and Bitcoin.

The Blockchain Alliance is a nonprofit organization and has been made by the Chamber of Digital Commerce and Coin Center and comprises of many companies and institutions such as the MIT Media Lab’s Digital Currency Initiative and developer Gavin Andresen, BitFinex, besides several others.

All of them have joined hands to address the concerns about the Bitcoin and the blockchain.

It has been decided that Jason Weinstein will be the Director of the Blockchain Alliance.

Weinstein is a Partner at Steptoe Johnson LLP and is also the former Deputy Assistant Attorney General in charge of cybercrime investigations at the Department of Justice.

In a statement, he explained the rationale behind this move, and said that “for the blockchain to thrive, the industry must work together to correct the misperception of Bitcoin as the ‘currency of criminals.’

The Alliance will coordinate with the Department of Justice, including the FBI and the U.S. Marshals Service, the U.S. Secret Service, Immigration and Customs Enforcement Homeland Security Investigations, and the Commodity Futures Trading Commission and plans to engage with other U.S. and foreign agencies

Read more ... source: NewsBTC USA