The government wants to bolster cybersecurity. Robert Knapp: “All bitcoin transactions are made on a public ledger”

Cybersecurity experts recently met with lawmakers to talk about ways for preventing an event like May’s international WannaCry ransomware attack from wreaking havoc in the U.S.

But one topic was not brought up: bitcoin, the virtual currency that ransom hackers often ask to be paid in exchange for unlocking infected computers.

Robert Knapp, CEO and Co-Founder of CyberGhost, a secure private networking service, explained to Circa that, although bitcoin wallets — or accounts — don’t require a verified identity be attached, all bitcoin transactions are made on a public ledger, which should make the currency something regulators with a desire to weed out wrongdoing would want to embrace rather than outlaw.

“That’s what everybody dreams of that wants to regulate banks, that we could see every transaction done. And that exactly happens on the bitcoin blockchain,” said Knapp.

On circa.com you can watch the video and find out more about this subject.

About the author

Alexandra Macri
Alexandra Macri

An experienced social media connoisseur, Alexandra is here to inform digital freedom lovers around the world and across a multitude of channels about the latest developments in online privacy. Some of her other fields of interest include SEO, brand awareness and generation of inbound traffic.

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