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United States Secret Service announced to launching a cryptocurrency awareness hub
Feb, 28 2022
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Last week United
States Secret Service had announced about launching a cryptocurrency public
awareness hub featuring a public service announcement video.
This new educational
platform will feature the illicit use of digital assets and provide public
awareness information on digital asset security. Also, it will explain how to
remain secure.
Jeremy Sheridan,
assistant director of the U.S. Secret Service Office of Investigations, explained
that the hub focuses on investigating and preventing crimes against the
nation's financial systems. It also includes informing the public about the
workings of digital assets and partnering with them to identify, arrest, and
prosecute those committing crimes involving digital assets. The language and
tone used regarding cryptocurrency are both positive.
The launch
website agrees that since digital and cryptocurrencies are gradually becoming
popular hence the need for the Secret Service is required. As per the announcement, the new website will feature updating latest in the agency’s work. According to
the website the integrated mission of the Secret Service is of protection and
financial investigation to ensure the safety and security, key locations, and
events of national significance.
After two years Finance-Related
Cybercrime Task Force founded by Secret Service, a cryptocurrency awareness hub
was launched. Initial cryptocurrency-related activities were mainly concerned
with how cryptocurrencies could be used for making illegal online payments. In
1865, the Secret Service was created as a bureau within the Treasury Department
to combat counterfeiting. It is now part of the Department of Homeland
Security.
In the past, cryptocurrency was reserved
for Silk Road criminals and drug users. For illicit
financial activity, cryptocurrency on a transparent, backdating blockchain does
not make sense because they are easily monitored and tracked.
The Secret
Service works in close partnership with the U.S. Department of the Treasury to
investigate and “directly address the financial motive of cybercrime through
asset seizures and other actions,” the announcement adds, elaborating.
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Indrani bose
CBW - External Analyst
INDIA
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