US creates Bitcoin regulation to fight ransomware attacks from CoinQuora

US creates Bitcoin regulation to combat ransomware attacks

  • The United States government is working with the private sector to create new regulations.
  • Bitcoin regulations aim to stop ransomware attacks in the country.

The United States government and the private sector are now creating new bitcoin regulations. To be precise, this regulation aims to combat the use of cryptocurrencies as a means of payment for ransomware attacks in the country.

Additionally, this new Bitcoin regulation will work with the FBI, Secret Service, and technology and security companies. This group of organizations will help others establish effective regulations against Bitcoin misuse in cyberware attacks.

Philip Reiner, executive director of the Institute for Security and Technology who led the Ransomware Task Force added:

“Much more can be done to curb the misuse of these pretty amazing technologies.”

Meanwhile, the ransom group …

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