The U.S. government and computer experts promote a bitcoin regulation to combat computer blackmail.

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source: cnbc.com

Researchers call for more aggressive surveillance of the cryptocurrency market: less anonymity and more ability to seize digital wallets.

Government and tech industry officials face an epidemic of ransom attacks, in which hackers freeze computers and demand payment for unlocking them, as the key to fighting the hacker menace. Focus on crypto regulation.

In a report released this Thursday, the think tank called for more aggressive surveillance of bitcoins and other cryptocurrencies, although they have gained acceptance among investors over the past year. Are the source of livelihood. And other criminals who are less likely to be prosecuted in most parts of the world.

Two members of the task force wrote this week that ransomware groups raised about $ 350 million last year, a figure that had tripled in 2019.

Businesses, government agencies, hospitals, and school systems are among the victims of ransom groups, some of which, according to U.S. officials, have friendly relations with countries such as North Korea and Russia.

Philip Rainer, executive director of the Institute for Security and Technology, said, Much more can be taken to prevent the ill-usage of these astonishing technologies, which started the task force on ransomware.

Just a week ago, the U.S. Department of Justice formed a government ransom group. Central bank regulators and financial crime investigators around the world are also debating how to regulate cryptocurrencies.

Sources said the new rules proposed by the public-private group, some of which would require congressional intervention, are primarily not to identify cryptocurrency transactions.

If applied, they could dampen the enthusiasm of those who see government-monitored cryptocurrencies as a haven for national monetary policies and the financial activities of individuals and who have 1 in total capital. Has exceeded trillion dollars.

The task force includes representatives from the FBI and the U.S. Secret Service, as well as major security and technology companies.

It also called for the formation of a special team of experts within the Department of Justice to facilitate cryptocurrency tours, which are currently facing logistics and legal issues.

Some of the ideas suggested by the Financial Ideas Enforcement Network resonate, raising the disclosure standards for transactions over 10,000 transactions.

Federal investigators said the proposal to register the accounts would help identify drug dealers, human traffickers, and terrorists as well as ransom groups.

A senior national security official, speaking on condition of anonymity to discuss emerging policy proposals, said it would be "huge." This is a world that is designed to be completely anonymous, but at some point, you need to keep everything safe. Something has to be given up.

Governments are already using blockchain ledgers that document all bitcoin transactions to insert certain charges. Last week, authorities arrested a man in Los Angeles and charged him with laundering more than 300 300 million through service to cover up multiple cryptocurrency wallet transactions. Adds who pays.

U.S. Marshals Services records show that more than $ 150 million worth of corrupt assets were seized last year and offered to the public at auction. Last week, the Marshall Service seized more cryptocurrencies with Bitcoin Exchange in California to hold and sell. 4.5 million contracts signed.

But many of the exchanges that carry out the important process of converting cryptocurrencies into dollars or other widely accepted currencies are in countries beyond the reach of U.S. regulators.

Rainer, from the Institute for Security and Technology, said international co-operation would be essential and that such rules could put pressure on allies, which could help promote exchanges in countries where Americans will be hesitant to transfer their reserves.

Rainer said that as much as corrupt markets think they have built their networks, they still depend on existing financial markets.