The use of cryptocurrencies during the commission of many crimes caused the security forces of countries to develop themselves in this area. While many projects were developed to overcome the privacy provided by cryptocurrencies in the fight against crime, the US intelligence service CIA also accelerated its work.
According to the news published in the Wall Street Journal, the CIA has created several projects related to cryptocurrencies.
Citing the statements of CIA director Bill Burns, the news stated that after the spread of cryptocurrencies, the scale, number and methods of attacks by criminal gangs expanded.
In the news, it was stated that the CIA, the US Central Intelligence Agency, has developed some projects to be effective in combating these crimes and criminals and to gather intelligence. However, the details of the projects were not shared.
Crimes committed through the use of cryptocurrencies have been on the agenda of countries for a while.
In particular, the prevention of major operational activities and the fact that the pirates, who demanded ransom, lost their traces afterward, were annoying in the eyes of the countries. After the activities of a major oil pipeline were blocked, the USA stepped up its activities to take the highest level of security measures.
The CIA’s most authoritative statement that it has projects related to cryptocurrencies also fueled some rumors. Because there is a considerable segment of people who think that Bitcoin was invented by the CIA.
It was already known that the CIA was not far from cryptocurrencies. It was revealed last year that the Swiss cryptographic company Crypto AG was under the control of the CIA and German intelligence for years.
In addition, the former head of the CIA, Michael Morell, stated that Bitcoin is a boon for tracking criminals.
“Simply put, blockchain analysis is an effective tool in fighting crime and gathering intelligence.”
Morell stated that this approach will drive illegal players away from Bitcoin.