Tag: Task Force

What Is the Homeland Security Assessment of Terrorists Use of Virtual Currencies Act?

The Department of Homeland Security has an interesting relationship with Bitcoin and cryptocurrency. On the one hand, it seeks to deanonymize users whenever illegal activity is suspected. On the other hand, there is an obvious respect for what these new forms of money brings to the table. The Homeland Security Assessment of Terrorists Use of Virtual Currencies Act will prove to be a rather interesting story. A new DHS Bill With Potentially Severe …
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Will The New Australian Financial Cyber Unit Focus On Bitcoin?

The Australian government has unveiled its plans to create a new cyber intelligence unit to take on terrorist financing and money laundering. To be more precise, this new unit will primarily target online payment methods, to reduce fraud. But it is not unlikely they will keep a close eye on Bitcoin as well. AUSTRAC Has Big Plans For Online Payment Fraud With online payment fraud and money laundering on the …
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Homeland Security Bitcoin Task Force Is Very Real

For quite some time now, there have been rumors circulating on the Internet about so-called Bitcoin “task forces” which are created to track down illegal or suspicious activities on the blockchain. A leaked screenshot of a recent arrest made in California shows how these task forces are very real. Although it is not difficult to track the origin and destination of just about any bitcoin transaction on the blockchain, law …
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EU Draft Report Calls for Digital Currency Task Force in Europe

A new draft report on digital currencies authored by Jakob von Weizsäcker, EU Parliament member on the Committee on Economic and Monetary Affairs, calls for the formation of a “horizontal Task Force”, which will be charged with examining the potential challenges of distributed ledger-based applications. The report also recommends that online crypto-wallet providers to be placed in the same category as standard virtual currency exchanges. “Welcomes the Commission’s suggestions for …
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