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Former Department of Homeland Security Official: We Need Greater Governmental Oversight of Cryptocurrency

Sara Zhang

Summary: According to Cointelegraph, Former Department of Homeland Security official Christopher Krebs called for greater governmental oversight of cryptocurrency in an interview yesterday, saying that anonymous payments are a threat “the average American is concerned about.”  In an interview on Late Night with Bill Maher, “Cryptocurrency is, as I see it, is one of the single ...

According to Cointelegraph, Former Department of Homeland Security official Christopher Krebs called for greater governmental oversight of cryptocurrency in an interview yesterday, saying that anonymous payments are a threat “the average American is concerned about.” 

In an interview on Late Night with Bill Maher, “Cryptocurrency is, as I see it, is one of the single enabling factors that have allowed cyber-criminals to deploy a massive amount of ransomware across our state and local agencies,” said Krebs. “It’s the anonymous payments, the ability to pay anonymously. And I think that is the cyber-threat that the average American is concerned about.”

by Sara Zhang

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