Author Topic: U.S. Secret Service: Action Needed To Address Anonymous Cryptocurrencies  (Read 898 times)

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Offline Free Vulcan

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A top U.S. Secret Service official on Wednesday asked Congress for help in preventing cryptocurrencies like Monero and Zcash, which provide users with enhanced privacy and anonymity features, from being used for illicit purposes.

“We should ... consider additional legislative or regulatory actions to address potential challenges related to anonymity-enhanced cryptocurrencies,” Robert Novy, deputy assistant director in the U.S. Secret Service’s Office of Investigations, wrote in his written testimony to Congress.

He raised similar concerns about other services like tumblers and mixers that are designed to obscure transactions on blockchains.

https://www.forbes.com/sites/astanley/2018/06/20/u-s-secret-service-action-needed-to-address-anonymous-cryptocurrencies/#53330cc33ca1
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Offline InHeavenThereIsNoBeer

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A top U.S. Secret Service official on Wednesday asked Congress for help in preventing cryptocurrencies like Monero and Zcash, which provide users with enhanced privacy and anonymity features, from being used for illicit purposes.

“We should ... consider additional legislative or regulatory actions to address potential challenges related to anonymity-enhanced cryptocurrencies,” Robert Novy, deputy assistant director in the U.S. Secret Service’s Office of Investigations, wrote in his written testimony to Congress.

He raised similar concerns about other services like tumblers and mixers that are designed to obscure transactions on blockchains.

https://www.forbes.com/sites/astanley/2018/06/20/u-s-secret-service-action-needed-to-address-anonymous-cryptocurrencies/#53330cc33ca1

You're doing jack about the clinton "family" crime foundation, why should we give you new laws to ignore?
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Offline Drago

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Privacy...one of the top  reasons for Crypto! (Along with fee-free instant transfers worldwide).  Govt. can't stand not being in the loop on every transaction for tax purposes...like the push to get rid of cash and the IRS wanting income tax on barter transactions.

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