Federal Bureau of Investigation Director Christopher Wray says cryptocurrency is a "Significant issue" that is likely to become a "Bigger and bigger" problem for the law enforcement agency.
"We are looking at it from an investigative perspective, including tools that we have to follow the money even in this new world that we're living in."
Wray supported Romney's line of questioning concerning terrorist financing, saying that U.S. adversaries are becoming "More facile with technology and particular various types of technology that anonymize their efforts."
"Whether its cryptocurrency, whether it's default encryption on devices and messaging platforms; we are moving as a country and world in a direction where if we don't get our act together money, people, communication, evidence, facts, all the bread and butter for all of us to do our work will be essentially walled off from the men and women we represent."
In 2018, the FBI said it had an estimated 130 cases involving crypto under investigation, from human trafficking to ransomware.
This May, the FBI shut down DeepDotWeb, a dark web market place which solicited some services in cryptocurrency.
Christopher Wray image and video via C-SPAN..
FBI Director: Cryptocurrency Is 'Significant Issue' for Law Enforcement
Publicado en Nov 8, 2019
by Coindesk | Publicado en Coinage
Bitcoin Miner Maker Canaan Sets $100 Million Target for US IPO
Canaan, the world's second largest bitcoin miner maker, intends to raise about $100 million in its initial public offering in the U.S. The Hangzhou, China-based manufacturer of the Avalon bitcoin miners updates its IPO application with the U.S. Securities and Exchange Commission on Nov. 13.
Fintech Arm of Chinese Insurance Giant Files for US IPO After Blockchain Push
OneConnect Financial Technology, the fintech arm of China's largest insurance company, filed a prospectus on Wednesday for an initial public offering with the U.S. Securities and Exchange Commission.
BaFin Orders Gold-Backed Token Issuer to Cease-and-Desist Order
The German Federal Financial Supervisory Authority has issued a cease and desist order to Karatbit Foundation to immediately stop unauthorized business in Germany.
Cointelegraph Moderates First Crypto Media Gathering at BlockShow Asia 2019
The pace of the crypto market's expansion would have been much slower without the contribution of dedicated media outlets.