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US joins 30 countries to stop ‘illegal use of cryptocurrency’ – Bitcoin News


President Joe Biden says the United States will unite 30 countries to stop the “illegal use of cryptocurrencies.” Biden added that the United States is “partnering closely with countries around the world to address cyber security threats.”

Biden said the United States would unite the county countries to combat the illegal use of crypto

The White House on Friday issued a statement from President Joe Biden on the government’s cyber security efforts since October as Cyber ​​Security Awareness Month.

President Biden explained that “the United States is working closely with countries around the world to address cyber security threats, including our NATO allies and G7 partners.” He added that this month:

The United States will accelerate our cooperation in combating cybercrime by bringing together 30 countries, improve law enforcement cooperation, prevent the illegal use of cryptocurrencies, and engage in these issues diplomatically.

“This effort requires the participation of every American and every American company in the federal government. We must lock our digital doors – encrypt our data and use multifactor authentication, for example – and design and secure technology so that consumers can buy the technology they buy.” Being able to understand the risk, ”Biden said.

The U.S. president said: “I tighten our critical infrastructure against cyber-attacks, disrupt ransomware networks, work to establish and promote clear road rules for all nations in cyberspace, and make it clear that we will hold them accountable. Threats to our security.” ”

The Biden administration has stepped up efforts to combat ransomware. In September, the U.S. Treasury Department announced a move “focused on disrupting the virtual currency exchanges responsible for criminal networks and laundering ransom” as part of a full-fledged government effort to tackle Ansomware.

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

What do you think of President Joe Biden’s efforts to stop the “illegal use of cryptocurrency”? Let us know in the comments section below.

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