Agree the USA and Great Britain, to increase the focus on the illegal use of cryptocurrency - regulation
Agree the USA and Great Britain, to increase the focus on the illegal use of cryptocurrency - regulation
The governments of the United States and Great Britain have "committed and agreed to increase the focus on the illegal use of cryptocurrency and ransomware," said the Ministry of Justice. According to the FBI, high crypto prices have made ransomware "incredibly lucrative for the criminals".
governments work together to focus on the illegal use of crypto
The US Ministry of Justice (DOJ) announced on Friday that the deputy attorney in General Lisa Monaco and Officials of the National Security Department and the crime department met on Thursday with the British Interior Minister Priti Patel in Washington.
"At their meeting, both governments discussed their close cooperation in numerous threats to the collective security of their countries, including the fight against terrorism, cybercrime and illegal financing," said the DoJ and added:
Both the deputy general prosecutor and the interior minister committed and agreed to increase the focus on the illegal use of cryptocurrency and ransomware and to continue the dialogue about emerging threats to national security.
The US government has tried to combat ransomware attacks. In October, Monaco terminated the of the national Cryptocurrency Enforcement Teams, a doj initiative to combat and persecute "criminal abuse of cryptocurrency, especially crimes committed by virtual monetary strans, mixed and tumbling services as well as money laundering".
In the same month, President Joe Biden said that the USA 30 countries "The unauthorized use of Cryptocurrencies ”to stop.
fbi says ransomware lucrative because of "evaluation of virtual currency"
In a hearing in front of the committee for supervision and reform of the House of Representatives last week, Bryan Vindran, deputy director of the Cyber department of the FBI, found that high crypto prices heat criminal networks and ransomware actors.
The hearing was part of an investigation into the Congress for millions of ransomware attacks on large US companies this year, including Colonial Pipeline Co. and the US department of JBS Foods.
"In the past six months we have not noticed the reliability of the reporting frequency of ransomware attacks," said Vorndran and added:
We simply attribute this to the fact that it is incredibly lucrative for the criminals. This is partly due to the evaluation of the virtual currency, but partly due to the susceptibility of our systems and our infrastructure.
global efforts lead to arrests and seizures
The US government recently acted against some ransomware players. In September, the US Ministry of Finance sanctioned for the first time in the context Total efforts to combat ransomware. Suex was supposedly "responsible for the laundry of ransom".
At the beginning of this month there was another crypto exchange . Chatex is said to have made "financial transactions for ransomware players" possible. In addition, two alleged ransomware operators-the Ukrainian Yaroslav Vasinskyi and the Russian Yevgeniy Polyanin-were sanctioned "for the continuation of the Ransomware incidents by Sodinokibi/Revil against the United States". The doj also seized 6.1 million dollars from Polyanin.
The national cyber director Inglis said last week that Polyanin's arrest was due to a collaboration between countries since the arrest took place when he crossed the border to Poland. "The cyberspace is a limitless terrain, so we can reach it as far as possible," he said and explained:
If we use allies, we can use jurisdiction in places such as Poland and Romania to arrest these criminals and bring them to court that are available in the West.
in October, a coordinated strike Europol, Interpol and the FBI Two “productive” ransomware operators who allegedly held ransom claims of up to 70 million euros. Cryptocurrencies worth $ 1.3 million were confiscated.
What do you think that the United States is working with other countries to combat the illegal use of cryptocurrencies? Let us know in the comment area below.
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