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Saturday, September 7, 2024

USA To Unite 30 Countries In The Fight Against Illegal Use Of Cryptocurrencies

President Joe Biden Announces Online Cybercrime Meeting In October.

The United States will unite 30 countries to intensify cooperation in the fight against cybercrime and curb the illegal use of cryptocurrency, President Joe Biden said.

“We will bring 30 countries together to intensify cooperation in the fight against cybercrime, improve law enforcement cooperation and curb the illegal use of cryptocurrency,” Biden said in a statement released by the White House last Friday.

Also in the US President Joe Biden noted that the coalition of countries will protect and invest in 5G technology and will ensure greater security of supply chains.

The statement does not specify which specific countries are invited to the event and in what format it will be held.

Earlier, the chairman of the Federal Reserve System (FRS) Jerome Powell said that the United States does not plan to ban cryptocurrencies, but considers it necessary to tighten control over stablecoins.

Also, the country’s Finance Minister Janet Yellen said that the Internal Revenue Service (IRS) is preparing detailed regulation of the cryptocurrency sphere.

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