#sano016 #sanor016CommUNITY @sanor016 @BitcoinKE @Blockchain.News @Bitcoin.org Gary Gensler: Bitcoin has the largest share in the ransomware market
US Securities and Exchange Commission (SEC) Chairman Gary Gensler told CNBC today that Bitcoin is a major contributor to the ransomware market. Gensler went on to voice his opposition to the asset and the industry as a whole, stressing that Bitcoin is the biggest tool in the hands of criminals and bad actors for blackmail because it is untraceable.
In a statement earlier, Gensler called Bitcoin a speculative and volatile asset that is used for illegal activities such as ransomware, money laundering, sanctions evasion and terrorist financing.