US Congress to Announce Study on Virtual Currency Link to Terrorism Today


UPDATE (16th May 16:02 BST): This article has been up to date with a duplicate of the proposed invoice.

A US Congressional subcommittee is creating a invoice to examine the usage of digital currencies by terrorists, CoinDesk has discovered.

The invoice, often known as the “Homeland Security Assessment of Terrorists Use of Virtual Currencies Act”, is about to be marked up on Thursday by the House Subcommittee on Counterterrorism and Intelligence, present process a process by which lawmakers will work on the textual content of a invoice.

Authored by US Representative Kathleen Rice of New York, it reads:

“Not later than 120 days after the date of the enactment of this Act, the Under Secretary of Homeland Security for Intelligence and Analysis…shall, in coordination with appropriate Federal partners, develop and disseminate a threat assessment regarding the actual and potential threat posed by individuals using virtual currency to carry out activities in furtherance of an act of terrorism, including the provision of material support or resources to a foreign terrorist organization.”

The mark-up comes amid a world firestorm round ransomware – malicious software program that locks up a pc’s information and calls for a ransom paid in bitcoin – following an unprecedented wave of assaults.

A full copy of the invoice will be discovered beneath:

House Bill/Virtual Currencies

Image through Shutterstock

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