AI to Eradicate Crypto Crimes Within 5 Years, Says Chainalysis CEO

IconCryptoNewsTerminal Staff19 Sep, 2024

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AI to Eradicate Crypto Crimes Within 5 Years, Says Chainalysis CEO

In an interview with Cointelegraph, Chainalysis CEO Michael Gronager has boldly predicted that AI will eliminate crypto-related crime within the next five years. This ambitious goal hinges on the ability of AI agents to monitor every blockchain transaction, akin to the IRS's efforts to detect tax evasion. This highly anticipated development will see countries worldwide deploying AI agents to scrutinize blockchain activity for suspicious patterns. These agents will revolutionize law enforcement's ability to combat crypto-enabled crimes, marking a significant turning point in the fight against illicit activities within the cryptocurrency ecosystem.