RATE Group | FBI Director: Cryptocurrency Is ‘Significant Issue’ for Law Enforcement
67982
wp-singular,post-template-default,single,single-post,postid-67982,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

FBI Director: Cryptocurrency Is ‘Significant Issue’ for Law Enforcement

08 Nov FBI Director: Cryptocurrency Is ‘Significant Issue’ for Law Enforcement

Posted at 18:25h in Cryptocurrency News by

[ad_1]

Federal Bureau of Investigation Director Christopher Wray says cryptocurrency is a “significant issue” that is likely to become a “bigger and bigger” problem for the law enforcement agency.

Speaking in front of the U.S. Senate Homeland Security and Governmental Affairs Committee on Tuesday, Wray responded to questions from U.S. Senator Mitt Romney (R-UT) about cryptocurrency, law enforcement and terrorist deterrence, saying:

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

Wray supported Romney’s line of questioning concerning terrorist financing, saying that U.S. adversaries are becoming “more facile with technology and particular various types of technology that anonymize their efforts.”

It’s not just crypto, however. Wray noted encryption is touching every aspect of emerging tech such as instant communications:

“Whether its cryptocurrency,…

[ad_2]

Source link