According to William J. Burns, Director of the Central Intelligence Agency (CIA), the agency is already developing ‘a number of different projects focused on cryptocurrency’.
During the Wall Street Journal’s CEO Summit, an individual from the audience asked the chief of the CIA whether the agency is working on any crypto projects. And the answer is not surprising a single bit:
Moreover, the Director explained that the CIA is more than willing to share any intelligence they have on crypto, with other government agencies.
And the reason for this monitoring is rather obvious. The number one goal with employing extensive surveillance and intel gathering is to maintain the security of the financial sector.
Consequently, the reason why the CIA is so dedicated to developing cryptocurrency projects is in relation to President’s Biden war on ransomware.
In fact, back in June the President’s administration specifically included ransomware as part of the war on illegal crypto activities.
The President’s administration even went after exchanges that were ‘responsible for laundering ransoms’. Being that they helped in disposing illegally of obtained crypto assets.
And as a result of this action, two exchanges in the U.S. already received hefty fines.
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