Mitt Romney outlines cryptocurrency fears

Senator Mitt Romney has outlined his fears that cryptocurrencies will become a greater threat to US national security if left unchecked.

The former Republican presidential candidate and vocal Trump critic made the comments during a recent US Senate hearing, where lawmakers asked leaders from the FBI, Homeland Security, and the National Counterterrorism Center questions about threats to the US.

He said: “I don’t begin to understand how cryptocurrency works. I would think it is more difficult to carry out your work when we can’t follow the money because the money is hidden from us and wonder whether there should not be some kind of effort taken in our nation to deal with cryptocurrency.”

FBI Director Christopher Wray replied: “Well certainly for us cryptocurrency is already a significant issue, and we can project out pretty easily that it’s going to become a bigger and bigger one.

“Whether or not that is the subject of some kind of regulation as the response is harder for…