Bitcoin Groups and Law Enforcement Unite to Form Blockchain Alliance

A number of digital currency groups and businesses are partnering with law enforcement agencies on a new public-private discussion forum.

AccessTimeIconOct 22, 2015 at 1:31 p.m. UTC
Updated Aug 18, 2021 at 4:18 p.m. UTC

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

A group of digital currency companies and organizations, as well as a number of US law enforcement agencies, are establishing a new public-private forum in a bid to foster communication and education between the government and industry stakeholders.

Dubbed the Blockchain Alliance, the initiative is being spearheaded by Coin Center and the Chamber of Digital Commerce, with support from a range of companies including: BitFury, BitFinex, BitGo, Bitnet, Bitstamp, Blockchain, Circle, Coinbase, CoinX, itBit, Kraken, Noble Markets and Xapo. The Alliance will also draw support from several bitcoin developers and the MIT Digital Currency Initiative’s Brian Forde.

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0
  • Government agencies and departments already taking part include the US Justice Department, the Federal Bureau of Investigation, the Secret Service, the Department of Homeland Security, the US Marshals Service and the Commodity Futures Trading Commission. More agencies, including international ones, are expected to join in the months ahead.

    Jason Weinstein, the former US Deputy Assistant Attorney General named to the board of BitFury in March, will act as the group’s first director.

    Primary goals

    Both Coin Center executive director Jerry Brito and Weinstein suggested one of the primary goals of the initiative is to help change the perception that bitcoin and digital currencies are “a currency for criminals”.

    To do this, the Alliance will maintain a mailing list through which law enforcement officials can ask questions, host regular conference calls and, potentially, produce larger gatherings that bring industry members and government officials together.

    Brito explained:

    “Essentially it’s a public-private forum that’s going to make it easier to have a single point of contact with law enforcement; for people in the bitcoin industry, academia, developers, to have conversations about law enforcement on the bitcoin blockchain, to ask questions and to answer questions.”

    Weinstein cited the companies involved as the main impetus behind the initiative’s formation and direction forward.

    “The most critical thing here is that this is being driven by the industry,” he said. “This wasn’t LE coming to us and saying ‘Help us’, this was the industry going to law enforcement and saying, ‘Let us help you’.”

    Forum function

    Weinstein went on to stress that the Alliance’s function isn’t to help law enforcement conduct investigations into the industry. Rather, he characterized it as a forum for “high level conversations” that focus on the broader trends of the technology and how it’s being used in the world today.

    In a statement, Chamber of Digital Commerce president Perianne Boring said the initiative will help spark discussion between the industry and law enforcement.

    “It’s no secret that bitcoin has perception issues, which is a roadblock to mainstream adoption. Having an open dialogue with law enforcement and policymakers will help reduce anxiety about this transformative technology,” she said.

    Image via Shutterstock

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.