Cryptocurrency Is ‘Significant Problem’ for The Agency |

On Tuesday, during a meeting in the US Senate Committee on Homeland Security and Governmental Affairs, Christopher Wray the director fo the Federal Bureau of Investigation (FBI) noted that cryptocurrencies pose a “significant problem that will get bigger and bigger” for the law enforcement agency.

It was a response to questions from Mitt Romney, the Republican Senator, who asked about cryptocurrency, laws and terrorism prevention.

While cryptocurrency and anonymity it brings definitely concerns the agency, it is still unclear what action should be taken from a regulatory standpoint of view, as Christopher Wray addresses senator’s questions by saying:

“We are looking at it from an investigative perspective, including tools that we have to follow the money in this new world that we’re living in,”  

He further added: “Whether its cryptocurrency, whether it’s default encryption on devices and messaging platforms; we are moving as a country and world in a direction…