Government, industry push bitcoin regulation to fight ransomware

, where hackers freeze the computers of a target and demand a payoff, are zeroing in on cryptocurrency regulation as the key to combating the scourge, sources familiar with the work of a public-private task force said.

Just a week ago, the U.S. Department of Justice established a government group on ransomware. Central bank regulators and financial crime investigators worldwide are also debating if and how cryptocurrencies should be regulated. It also calls for the creation of a special team of experts within the Justice Department to facilitate seizures of cryptocurrency, a process currently fraught with logistical and legal challenges.

“That would be huge,” said a senior Homeland Security Official, who spoke on condition of anonymity to discuss emerging policy proposals. “This is a world that was created exactly to be anonymous, but at some point, you have to give up something to make sure everyone’s safe.”

The more US suppresses crypto the more ground they will lose to countries like china.. The problem with ransomware is RANSOMWARE, not the payment medium..

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EXCLUSIVE Government, industry push bitcoin regulation to fight ransomware scourgeGovernment and industry officials confronting an epidemic of ransomware, where hackers freeze the computers of a target and demand a payoff, are zeroing in on cryptocurrency regulation as the key to combating the scourge, sources familiar with the work of a public-private task force said. Wilburforceuk Pouring your wealth into a global mesh of copper and silicon passing 10,000 anonymous humans/per transaction is not the brightest thing you can do. But Americans are inherently stupid, so... Yes ... that's why they're doing it.
Source: Reuters - 🏆 2. / 97 Read more »

Government and industry push bitcoin regulation to fight ransomware scourgeA public-private task force is expected to call for far more aggressive tracking of bitcoin and other cryptocurrencies on Thursday. Companies getting their info stolen gotta get safer. Not sure how regulation fixes this. Web3 protocols like Filecoin and dfinity can do a better job solving these issues. All who have bot this Seaming Coin will dearly be disappointed if Economy Dave down.. Nice gold coin on that pic! 🤣
Source: CNBC - 🏆 12. / 72 Read more »