February 22, 2024

The FBI is working to “solve the issue of cryptocurrencies”

The FBI is working to "solve the issue of cryptocurrencies"

On November 5, during a hearing in the US Senate Committee on Homeland Security and Governmental Affairs,legislators asked the leaders of the FederalBureau of Investigation and the Department of Homeland Security, questions regarding the fight against terrorism, foreign influence in elections, border security, as well as regarding cryptocurrencies.

Former presidential candidate andUtah Republican Senator Mitt Romney inquired from intelligence officials about how they assess cryptocurrency threats and what specific steps are being taken to solve these problems. He said:

I am not a member of the Banking Committee and I am notI understand how cryptocurrencies work. However, I believe that it will be much more difficult for you to do your job if you cannot track your money. In this regard, I wonder – Shouldn't our country make some efforts to solve the problem of cryptocurrencies.

In response to a question, FBI Chief Ray said that the agency is already working on these issues. He added:

For us, cryptocurrencies are seriousproblem, and we assume that this problem will become more and more. At the moment, it’s hard for me to answer whether any regulations will help solve it.

In addition, Ray said the FBI is already trackingcryptocurrency transactions using “available tools”. The head of the bureau of investigations also said that if the States do not keep up with new technologies, they may soon be “isolated”.

Based on materialswww.zerohedge.com