Terrorists Not Gaining From Cryptos But Risks Remain, Experts Tell Congress

Terrorists Not Gaining From Cryptos But Risks Remain, Experts Tell Congress
ôîòî ïîêàçàíî ñ : cryptodaily.co.uk

2018-9-10 00:30

Terrorist groups such as Al-Qaeda, the Islamic State and others have unsuccessfully tried to raise money through cryptocurrencies such as Bitcoin, a former CIA analyst told Congress on Friday per Forbes.

“By preparing now for terrorists’ increasing usage of cryptocurrencies, the U. S. can limit the ability to turn digital currency markets into a sanctuary for illicit finance,” said Yaya Fanusie in prepared testimony to House Financial Services Committee.

According to Fanusie, cryptocurrencies have thus far been a poor form of money because they purchase goods and weapons with hard cash in places that have unreliable technology infrastructure.

Continue reading Terrorists Not Gaining From Cryptos But Risks Remain, Experts Tell Congress at Crypto Daily™.

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US Officials’ Privacy Criticos’ Congress needs attention ‘

An official for the U.S. Secret Service called on Congress to weigh potential legislative actions on cryptocurrencies that boast privacy-enhancing features last week. Speaking before the U.S. House of Representatives Committee on Financial Services, Robert Novy, deputy assistant director for the Service’s Office of Investigations, stated that “congressional attention” on the issue is needed. “We should

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Privacy Coins Are ‘One of the Greatest Emerging Threats to U.S. National Security,’ States US Congressman

The U. S. Secret Service is taking a good look at privacy-focused cryptocurrencies like Monero and Zcash while urging Congress to “consider additional legislative or regulatory actions. ” Fear of Privacy Coins Last week, a top official from the federal law enforcement agency reportedly requested help from Congress in combating the use of privacy coins for illicit purposes.

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Congress assistance sought by US Secret Service to stop illicit usage of privacy coins

Privacy The US Secret Service is worried about the illicit use of cryptocurrencies. Asking Congress for Help In his testimony, Novy asked “Congress for help in preventing cryptocurrencies like monero and zcash, which provide users with enhanced privacy and anonymity features, from being used for illicit purposes,” Forbes elaborated. According to Forbes, Greg Nevano, an

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