Bush Security Advisor Warns Against Blockchain Cold War

The man who helped invent the financial embargoes that cut off terrorist funding after 9/11 is concerned that cryptocurrencies could be used to undermine his creations.

A former deputy assistant to U.S. President George W. Bush, and a former deputy national security advisor for combating terrorism, Juan Zarate is widely credited with helping create sanctions tools and financial instruments that put pressure on enemies of the state. But as blockchain technology begins to break down borders and empower the unbanked, Zarate is growing concerned it might also be weaponized to illicit ends.

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