Joe Biden to assemble 30 countries for fighting “illicit use of crypto”
The President of the US reinforced the need of security measures with the help of North-American citizens
The President of the United States of America, Joe Biden, stated through a release made by the White House that he will bring 30 countries together to reinforce the fight against cybersecurity threats, including the illegal use of cryptocurrencies.
Biden said that the collaboration between the Federal government of the US and the populace and companies is a must. The President was specific and straightforward when advised “We must lock our digital doors — by encrypting our data and using multifactor authentication, for example—and we must build technology securely by design, enabling consumers to understand the risks in the technologies they buy.
The partnership will happen with different nations, including NATO countries and the rest of the G7.
“The United States will bring together 30 countries to accelerate our cooperation in combating cybercrime, improving law enforcement collaboration, stemming the illicit use of cryptocurrency, and engaging on these issues diplomatically”
-Joe Biden, President of the US
In the President’s statement, Biden dismembered how the U.S. intends to strengthen their cybersecurity. “Hardening our critical infrastructure against cyberattacks, disrupting ransomware networks, working to establish and promote clear rules of the road for all nations in cyberspace, and making clear we will hold accountable those that threaten our security.”
It’s no news that the US government has been trying to improve the fight against security on the web.
Amongst that effort, cryptocurrencies have been in the center of the debate as well, when back in June, the Bank for International Settlements (BIS) related cryptos to facilitating money laundering, ransomware attacks, and other financial crimes.
However, the US populace’s adoption of the technology seems to also push the administration forward on the subject. Recently, a poll made by Newsweek showed that at least 10 million residents of Texas - one of the country’s biggest states - support crypto adoption, for instance.
So, in order to keep up with those activities the US government must find a way to ensure the security of north-americans and at the same time not get in the way of crypto’s evolution in one of the most powerful countries economically in the world.
By Maluh Bastos