In a Reddit AMA on Tuesday, Microsoft cofounder Bill Gates expressed his belief that the anonymity behind cryptocurrencies is not “a good thing” adding that society benefits when the government can identify money launderers, tax evaders, and the people funding terrorists. Gates wrote, “The main feature of cryptocurrencies is their anonymity. I don’t think this is a good thing. The Governments [sic] ability to find money laundering and tax evasion and terrorist funding is a good thing.” Gates went on to say, “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.”

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