President Joe Biden has said the United States will unite 30 countries to end “the illicit use of cryptocurrency.” The United States “is partnering closely with countries around the world” to respond to cybersecurity threats, Biden added.
US to unite 30 countries to fight crypto misuse, says Biden
The White House released a statement from President Joe Biden on the government’s cybersecurity efforts on Friday, with October being Cyber Security Awareness Month.
President Biden explained that the United States “partners closely with countries around the world” to respond to cybersecurity threats, “including our NATO allies and our G7 partners.” He added that this month:
The United States will bring together 30 countries to accelerate our cooperation in the fight against cybercrime, improving collaboration between law enforcement agencies, containing the illicit use of cryptocurrency and diplomatic engagement on these issues.
“The federal government needs the partnership of every American and every American business in these efforts. We need to lock down our digital doors – by encrypting our data and using multi-factor authentication, for example – and we need to create secure technology by design, allowing consumers to understand the risks associated with the technologies they buy, ”a Biden continued.
The US President said: “I am committed to strengthening our cybersecurity by strengthening our critical infrastructure against cyber attacks, disrupting ransomware networks, working to establish and promote clear rules of the road for all nations in the world. cyberspace, and making it clear that we will hold accountable those who threaten our security.
The Biden administration has stepped up its efforts to fight ransomware. In September, the US Treasury Department announced “a package of actions aimed at disrupting criminal networks and virtual currency exchanges responsible for ransom laundering” as part of the whole-of-government effort to fight ransomware.
The Bank for International Settlements (BIS) said in June that in many cases cryptocurrencies “are used to facilitate money laundering, ransomware attacks and other financial crimes.”
What do you think of President Joe Biden’s efforts to stop “the illicit use of cryptocurrency”? Let us know in the comments section below.
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