Bitcoin
$ 62,155
Ethereum
$ 4,144.9
Litecoin
$ 193.95
okex ads

The US President Joe Biden says his country Bringing 30 Countries Together to Stop ‘Illicit Use of Cryptocurrency’

US Will Bring 30 Countries Together to Combat Illicit Use of Crypto, Says Biden

The White House released a statement by President Joe Biden Friday on the government’s cybersecurity efforts as October is Cybersecurity Awareness Month.

President Biden explained that the U.S. is “partnering closely with nations around the world” to respond to the cybersecurity threats, “including our NATO allies and G7 partners.” He added that this month:

The United States will bring together 30 countries to accelerate our cooperation in combating cybercrime, improving law enforcement collaboration, stemming the illicit use of cryptocurrency, and engaging on these issues diplomatically.

“The Federal government needs the partnership of every American and every American company in these efforts. We must lock our digital doors — by encrypting our data and using multifactor authentication, for example—and we must build technology securely by design, enabling consumers to understand the risks in the technologies they buy,” Biden continued.

The U.S. president opined: “I am committed to strengthening our cybersecurity by hardening our critical infrastructure against cyberattacks, disrupting ransomware networks, working to establish and promote clear rules of the road for all nations in cyberspace, and making clear we will hold accountable those that threaten our security.”

The Biden administration has been increasing efforts to fight ransomware. In September, the U.S. Department of the Treasury announced “a set of actions focused on disrupting criminal networks and virtual currency exchanges responsible for laundering ransoms” as part of the whole-of-government effort to counter ransomware.

The Bank for International Settlements (BIS) said in June that in many cases, cryptocurrencies “are used to facilitate money laundering, ransomware attacks, and other financial crimes.”

Source: news.bitcoin.com

Related Posts

Leave a Reply

Newsletter

Subscribe To Newsletter

For updates and exclusive offers, enter your e-mail below.

Popular Posts

Facebook whistleblower Frances Haugen says she’s supporting herself with crypto she purchased ‘at the right time’
October 25, 2021By
Here’s why Electro Optic Systems (ASX:EOS) shares are frozen today
October 25, 2021By
Tezos Price Analysis: We anticipate XTZ/USD to fall and move to the $6 support
October 25, 2021By

Advertisement

Video Posts

In
Impact Of Technology On 4.0
July 6, 20210
In
Importance Of Cryptography
July 3, 20210

Crypto Stats


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin62,155 0.09 % 1.15 % 0.93 %
Ethereum4,144.9 0.08 % 0.04 % 7.54 %
Binance Coin480.91 0.27 % 1.07 % 2.19 %
Tether1.000 0.72 % 0.40 % 0.23 %
Cardano2.140 0.14 % 1.19 % 0.91 %
Solana202.60 1.00 % 2.94 % 26.74 %
XRP1.090 0.19 % 0.29 % 0.13 %
Polkadot43.48 0.30 % 0.79 % 3.20 %
Dogecoin0.2695 2.39 % 7.45 % 13.26 %
USD Coin1.000 0.09 % 0.49 % 0.20 %

You have not selected any currencies to display