Crypto news: Another day, another dollar. And as the Bitcoin (BTC) price went on a 15% romp, the US-led war on crypto took a sinister twist.

Former Coinbase CTO Balaji Srinivasan warned that if G7 nations allow crypto seizures, big tech companies could assist law enforcement organizations. 

Big Brother is Watching You

Srinivasan’s cautionary statement comes while discussing the possible effects of the G7 countries and China acquiring the authority to seize digital assets. 

According to Srinivasan said there is a potential risk that companies such as Apple, Google, and Microsoft could scan digital devices on the orders of a government and hand over private keys. 

He said:

“The fact that Apple has software updates and Google can get into your Google Drive and Microsoft has Windows; and if ordered by the state, in theory, they could scan your hard drive for private keys and then pull your digital assets.”

Crypto – Socially Speaking

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Author: Geraint Price

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