Governments see crypto as an “evolving threat,” according to whistleblower Edward Snowden, who gave an extensive interview to Marta Belcher, president of Filecoin Foundation and general counsel at Protocol Labs, at Camp Ethereal 2022 last week.
“I think governments correctly perceive an evolving threat to traditional tools which they’ve grown accustomed to," Snowden said, "in terms of an ability to impose regulation upon private lives, and more broadly, private trade."
Edward Snowden gives an extensive interview to Marta Belcher of Filecoin Foundation for Camp Ethereal 2022, taped on March 1. He talks about how governments view crypto as "an evolving threat," how crypto "transforms power relationships," why he thinks Ethereum "suffers from the same privacy problems as Bitcoin," and why he views central bank digital currencies (CBDCs) as "crypto-fascist currencies."
Snowden took further aim at the “incredibly invasive" U.S. financial system.
“When you think about the way the U.S. incredibly invasive financial network operates, with all of these anti-money laundering and know-your-customer impositions," he said, "it is hard for me to believe that if they had the technical capacity to very easily get the serial number of every dollar bill that passes through their hands, that they do not."
For the government whistleblower, these characteristics undermine the popular presupposition that money is anonymous.
“We have this presupposition that...
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