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The White House Thinks BTC Has Just Boosted Crime

A White House spokesperson (who remains anonymous) recently commented in an interview:

When bitcoin became more widely used, we saw a huge jump in ransomware because it was a way to move money across borders. It’s a borderless threat, and we [need] to tackle it in a borderless way. The threat has clearly evolved.

The government house is now coordinating with approximately 36 countries at the time of writing to establish a new bitcoin ransomware-fighting program that will ensure issues like this become a thing of the past. The spokesperson said:

As we know, ransomware is an issue that knows no borders and affects each of the Counter Ransomware Initiative countries — our businesses, our critical infrastructure, and our citizens — and it’s only getting more challenging.

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