March 3, 2019

Ex-Director of Information Security, FB Alex Stamos: Facebook Coin can contribute to money laundering.


The Facebook cryptocurrency project has attracted the attention of the media and individuals who are in any way associated with the cryptoindustry. Stanford University lecturer, ex-director of information security Alex Stamos also shared his opinion on Facebook Coin.


He tweeted:

"On the one hand, a fully private messaging service tied to cryptocurrency can instantly become a mechanism for switching to money laundering, tax evasion, etc."

According to him, the launch of Facebook cryptocurrency will create additional problems that apply to all forms of currency, in particular, cash and fiat.

However, not everyone agrees with Stamos. For example, Ari Paul, co-founder of Blocktower Capital, said:

“Let's say 300 million people will accept Facebookcoin. And every tenth then learns about bitcoins. This will increase the number of BTC users. ”