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Browse: Home / 2020 / October / 08 / Attorney General William P. Barr Announces Publication of Cryptocurrency Enforcement Framework | OPA | Department of Justice

Attorney General William P. Barr Announces Publication of Cryptocurrency Enforcement Framework | OPA | Department of Justice

By Securities Docket on October 8, 2020, 2:01 pm

“At the FBI, we see first-hand the dangers posed when criminals bend the important technological promise of cryptocurrency to illicit ends,” said FBI Director Christopher Wray.   “As this Enforcement Framework describes, we see criminals using cryptocurrency to try to prevent us from ‘following the money’ across a wide range of investigations, as well as to trade in illicit goods like criminal tools on the dark web. For example, the cyber criminals behind ransomware attacks often use cryptocurrency to try to hide their true identities when acquiring malware and infrastructure, and receiving ransom payments. The men and women of the FBI are constantly innovating to keep pace with the evolution of criminals’ use of cryptocurrency.”

“The United States has been enormously successful blocking terrorists, rogue regimes, and their supporters from funding their activity using traditional currencies,” said Task Force member John C. Demers, Assistant Attorney General for the National Security Division.  “As the Cryptocurrency Enforcement Framework explains, we will adapt our strategy and tools to 21st century financing, including to combat the use of cryptocurrencies to evade enforcement and harm our national security.”

via Attorney General William P. Barr Announces Publication of Cryptocurrency Enforcement Framework | OPA | Department of Justice.

Posted in Industry, Top | Tagged Cryptocurrency

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