Neil Walsh, U.N. Chief of Cybercrime, recently, spoke about the dark web, blockchains, and cybercrimes in an interview. He views emerging technologies like blockchains as essential but believes that criminals are exploiting them for their ulterior motives.

Walsh noted that people appointed as Ministers or Head of State might not necessarily have much knowledge about digital currencies. This creates hurdles for his team.

When he sits with senior decision makers, he often demonstrates how the dark web operates using a mobile device or laptop. This helps them further in making better decisions and policies related to their respective countries.

He stated:

“Crypto currencies are great in many ways. We see lots of people in different parts of the world getting access to moving finance in a way that they’ve never been able to do so before and it’s cheaper. They’re not paying broker fees or, at least, a very small broker fee. They’re not paying a lot of money to get access to their cash.”

However, he commented that it gets difficult to understand how to create legislative frameworks for digital currencies. On the flip side of the “low broker fee” argument lies the fact that cryptocurrencies could threaten the traditional banking system.

If that system is mutilated, tax revenues will go down, and the governments will be unable to reinvest in a society. Moreover, the dark web presents some horrific examples of drugs and abuse.

Criminals believe they are anonymous on the dark web, but this is not always the case. Walsh noted:

“Criminals think that they are anonymous.”

He added:

“They’re not anonymous. We will track you down, and we will bring you to justice.”

When asked how curbing emerging technologies could ruin freedom of speech, Walsh stated that attacking the technology is not “necessarily the solution.” He also commented that crime as a service is one of the biggest threats in cyberspace where highly-specialized crime groups partner with other criminals, military, intelligence agencies and different governments for pay.

He said that the U.N. is looking at a broader threat picture, recognizing the functional aspects of technology and trying to bring a balance between democracy and the ability to catch criminals. He concluded:

“But, there is no easy answer to this.”

UN Chief of Cybercrime Praises Cryptocurrency, Warns Criminals They Aren’t Anonymous was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

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