In a Reddit AMA on Tuesday, the Microsoft co-founder and world’s richest man expressed his belief that the anonymity behind cryptocurrencies is not “a good thing,” adding that society benefits when governments can identify money launderers, tax evaders, and the people funding terrorists.
“The main feature of cryptocurrencies is their anonymity. I don’t think this is a good thing. The Governments ability to find money laundering and tax evasion and terrorist funding is a good thing,” Gates wrote.
Gates also said that cryptocurrency has “caused deaths in a fairly direct way,” noting the ease with which drugs can be bought online using digital currencies.
“Right now cryptocurrencies are used for buying Fentanyl and other drugs so it is a rare technology that has caused deaths in a fairly direct way. I think the speculative wave around ICOs and cryptocurrencies is super risky for those who go long,” he added.