Highlights from the US Secret Service: Bitcoin, Blockchain and More

US Secret Service officials made remarkable statements about cryptocurrencies and blockchain technology at a question-and-answer event they attended recently.

US Secret Service and your unit San Francisco Field OfficeThe cybercrime fight arm powered by i REACT, reddit a crypto-themed in the question-answer activity answered users’ questions. May 15 In this question-answer event, which took place on

Bitcoin whitepaper mandatory reading

The agency’s San Francisco office dedicated to crypto crimes a group of special agents And analyst The Secret Service commended all new special agents on duty in this unit. bitcoin your whitepaper stated that it is compulsory reading. In addition, special agents over time to learn blockchain technology they are involved in many on-chain activities and they closely follow the innovations of the sector highlighted.

Praise to blockchain

The teams, who gave candid answers to questions about the cryptocurrency industry and blockchain, said that despite the fact that some regulators still see crypto as a tool for scammers, blockchains public and transparent nature in the fight against crime”an extraordinary opportunity” he described. It is stated that it is easier to follow the crimes committed on the blockchain compared to the crimes committed with cash, and that this transparent structure essentially integrates technology. Trustworthy was stated to have done.

At this point “So what should we use if we want to trade without being tracked?”, the authorities said that the best way to keep the transactions secret from law enforcement use cash He expressed it in a joking manner.

In the statement made by the team, thanks to the transparent nature of the blockchain so far many criminals caught and in total to 17 victims stolen assets has been returned announced.

Potential suspects using Monera (XMR)

Answering a question from users that demanded a general response on how privacy-enhancing cryptocurrencies like Monero are received by the government, Secret Service officials labeled those who transacted with such assets as potential criminals.

Our friends at the Department of Justice consider the use of anonymized cryptocurrencies such as Monero as a high-risk activity, indicative of possible criminal behavior.

The US government has over the years Tornado cash, monero And Zcash (ZEC) has taken a serious stance against privacy-oriented projects such as limitations had applied.

9-piece “secret” NFT collection

Secret Service as part of blockchain specific learning NFT He also stated that he created the collection. The collection currently accessible on OpenSea 9 different consists of parts. No collection so far when there is no trading presumed to belong to special agents 5 different addresses he keeps the entire collection in his wallets.

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