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Putin on new sanctions against Russia: Russia's energy sector remains confident, though some losses are expected
Putin calls talk of supplying Tomahawk missiles to Kyiv an attempt at escalation
Putin says he discussed with Trump the impact of the situation with Russian oil supplies on global prices, including in the United States
Dialogue is always better than confrontation, disputes, or continued war: Putin
The global energy balance has been established, and disrupting it is not in the interests of the countries attempting to do so: Putin
Russia's contribution to the global energy balance is very significant: Putin
No self-respecting country does anything under pressure: Putin
New US sanctions are an attempt to pressure Russia: Putin
Israeli media: The West Bank 'annexation' law has been suspended under Netanyahu's directives until further notice
Al Mayadeen's correspondent in Bekaa, eastern Lebanon: Number of martyrs in Israeli strike rises to two.

The White House Considers Measures to Monitor Cryptocurrency Use

  • By Al Mayadeen Net
  • Source: Agencies
  • 9 Oct 2021 13:52
1 Min Read

The White House is studying a coordination procedure between departments of the US administration on the use of cryptocurrencies.

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    Hackers resort to cryptocurrency payments to extort their victims. 

On Friday, a spokeswoman said that The White House is studying issuing wide-ranging oversight of the cryptocurrency market. This is aimed at combatting the growing threat of ransomware and other cybercrime.

The White House National Security Council spokeswoman said: "The NSC and NEC are coordinating across the interagency to look at ways we can ensure that cryptocurrency and other digital assets are not used to prop up bad actors, including ransomware criminals." 

Related News

Trump's rare earth push ignites global investor frenzy: FT

India denies Trump’s claim that Modi agreed to halt Russian oil buys

According to Bloomberg, the oversight could include an executive order. This fact has not been confirmed by the spokeswoman.

Through encrypting users' data, ransomware extorts their victims. In exchange for cryptocurrency payments, hackers will grant the victim a key. These payments can run into hundreds of thousands or even millions of dollars.

Bitcoin price is currently around $54,606.

 

  • US
  • Cryptocurrency
  • white house

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