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President Joe Biden states that the U.S. will combine 30 countries to stop “the illegal use of cryptocurrency.” The United (*30*) is “partnering carefully with countries all over the world” to react to the cybersecurity dangers, Biden even more stated.

US Will Bring 30 Countries Together to Combat Illicit Use of Crypto, Says Biden

The White House launched a declaration by President Joe Biden Friday on the federal government’s cybersecurity efforts as October is Cybersecurity Awareness Month.

President Biden described that the U.S. is “partnering carefully with countries all over the world” to react to the cybersecurity dangers, “including our NATO allies and G7 partners.” He included that this month:

The United (*30*) will combine 30 countries to accelerate our cooperation in combating cybercrime, enhancing police cooperation, stemming the illegal use of cryptocurrency, and engaging on these concerns diplomatically.

“The Federal federal government requires the collaboration of every American and every American business in these efforts. We should lock our digital doors — by securing our information and utilizing multifactor authentication, for instance—and we should construct innovation firmly by style, making it possible for customers to comprehend the dangers in the innovations they purchase,” Biden continued.

The U.S. president suggested: “I am dedicated to enhancing our cybersecurity by solidifying our important facilities versus cyberattacks, interfering with ransomware networks, working to develop and promote clear guidelines of the roadway for all countries in the online world, and explaining we will hold liable those that threaten our security.”

The Biden administration has actually been increasing efforts to battle ransomware. In September, the U.S. Department of the Treasury revealed “a set of actions concentrated on interfering with criminal networks and virtual currency exchanges accountable for laundering ransoms” as part of the entire-of-federal government effort to counter ransomware.

The Bank for International Settlements (BIS) stated in June that oftentimes, cryptocurrencies “are utilized to assist in cash laundering, ransomware attacks, and other monetary criminal offenses.”

What do you consider President Joe Biden’s efforts to stop “the illegal use of cryptocurrency”? Let us understand in the comments area below.

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