Ransomware task force calls for aggressive Bitcoin transaction tracing measures
The task force has proposed new rules that would facilitate aggressive cryptocurrency tracing and tighter licensing requirements for businesses handling digital assets. Government and industry have teamed up to fight a major increase in ransomware, with a newly formed ransomware task force calling for new measures to more aggressively trace Bitcoin and crypto capital flows.The task force includes law enforcement including FBI and U.S. Secret Service agents working alongside representatives of leading security and tech firms.According to an April 29 report from Reuters citing anonymous....
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This week, the Conference of State Bank Supervisors (also known as the CSBS) made an announcement of a new task force charged with the task of studying today's changes in payment systems. The Task Force, aptly named the Emerging Payments Task Force, will set their attention on digital currencies and other innovations down the line "to determine the potential impact on consumer protection, state law, and banks and non-bank entities chartered or licensed by the states." The Task Force will engage with a broad range of stakeholders - including fellow state regulators, federal regulators,....
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Reuters, the World news leader in business and financial news, is reporting that a Bitcoin task force of United States regulators has been busy working to put together the first Bitcoin rule-book. The rules will, hopefully, protect the users of bitcoins from fraud while being careful not to dampen down, or smother, what is effectively, still a fledgling technology. Tech 2, an online technology blog also reports that an ever-growing number of companies are willing to accept bitcoins, but since Bitcoin transactions are not centrally regulated, the users of Bitcoin face a maze of rules....