John Amabile was quoted in the Atlanta Business Chronicle in an article about how the growth of cryptocurrency is attracting regulators. John is part of Parker Poe's Fintech team, which assists traditional and "disruptive" clients with data security and other legal needs.
“Bitcoin is viewed, and for the most part accurately, as an easy way to make anonymous payments. Such payments can be used to support criminal activity involving drug sales and white-collar crime,” John told the publication. "Whether regulators and law enforcement can use blockchain technology [which is the underlying technology used for cryptocurrency] to actually trace payments [to criminal activity] is something to watch going forward.”
Subscribers can read the full article here. The Atlanta Business Chronicle is the leading business journal in Atlanta.