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❕NEWS Donald Trump Wants Secret Service To Fight Bitcoin Fraud

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US President Donald Trump is laying out a $4.8 billion budget plan for the Secret Service to tackle highly complicated bitcoin frauds. He said that criminals and terrorists around the world are using bitcoin and other cryptocurrencies to conduct serious crimes that we don't even know. I'm pretty sure with this type of funding from the government, the Secret Service will be able to massively upgrade their technology to solve this problem.
 
US government should make a new cybercrime unit that specialize in handling bitcoin and/or crypto related crimes, not Secret service, but whatever.
 
Although crypto currency is a decentralized community where you are anonymous to any transaction, the crime rate via crypto currency has also increase, knowing that it is nearly impossible or hard to trace the transaction
the main feature of bitcoin being anonymous is exactly what fraud or illegal bussiness do as it is hard for the authorities to track them with it
 
There's still a lot of misconception about bitcoin around this anonymity feature. On one side, it enable us to transfer money without much hassle, on the other side criminals using it also tainting its reputation. People need to understand that Bitcoin is just a tool.
 
Yeah it is just a tool , the people determine how they used them but it takes the glory and otherwise. People mostly crictisize bitcoin because if the annonymity and the rate at which criminals are using it
 
It is just a tool and it's a tool that does a lot more good than harm. Before crypto we were forced to send money with banks or expensive services like western union. Bitcoin empowers a lot of people and any attempts to undermine it because of a few bad apples should be resisted. Criminals will always find a way to work. That's the nature of crime.
 
It is just a tool and it's a tool that does a lot more good than harm. Before crypto we were forced to send money with banks or expensive services like western union. Bitcoin empowers a lot of people and any attempts to undermine it because of a few bad apples should be resisted. Criminals will always find a way to work. That's the nature of crime.
You are right because even outside Crypto currencies criminals are carrying out their activities so bitcoin or Crypto currencies generally shouldn't be tagged criminal access .
 
Yeah exactly. That is what drew a lot of people to crypto in the first place and it is why the crypto is chosen as the currency to transact with in terms of the illegal activities. I think that this venture to **** out illegal activity is a good one but i am not sure if it will yield any results.
though we can't deny that are lots of positives rather than negatives in bitcoin , people who wants to do illegal things are just making those things negative
 
Instead of using the money to tackle fraud , they should use it to enlighten people on various scam methods used by those online scammers , because fraud looks unlimited and hard to tackle
 
Cryptocurrency may increase the incidence of fraud but come on, there will always be fraud. As you rightly pointed out, it is better to let people know the possible ways the hackers/scammers might strike with.
Before the existence of cryptocurrency there is already fraud so I won't be surprise if the fraud is been fraud its not a new thing , thats just it
 
Social media awareness is one tool that can be used to limit Crypto currency fraud , the social media giants like YouTube, Google, Twitter, Facebook etc should fully support the campaign .
 
What technologies? Everything has been there for a long time, they just forgot to tell you. As always.;)
1. US Secret Service leased software from Coinbase exchange to track transactions on the blockchain
Source: https://newwr.actieforum.com/t506-topic
2. US Army will receive a tool for tracking crypto transactions
Source: https://newwr.actieforum.com/t499-topic

Nobody hides it. Everything is official. The source contains copies of official public documents, screenshots and links.
 
Th
US President Donald Trump is laying out a $4.8 billion budget plan for the Secret Service to tackle highly complicated bitcoin frauds. He said that criminals and terrorists around the world are using bitcoin and other cryptocurrencies to conduct serious crimes that we don't even know. I'm pretty sure with this type of funding from the government, the Secret Service will be able to massively upgrade their technology to solve this problem.
This is a welcome development. United States president is really trying. This is a welcome development. With this fruadulent activities will be less and people will not have much fear to invest. Kudos to him
 
US President Donald Trump is laying out a $4.8 billion budget plan for the Secret Service to tackle highly complicated bitcoin frauds. He said that criminals and terrorists around the world are using bitcoin and other cryptocurrencies to conduct serious crimes that we don't even know. I'm pretty sure with this type of funding from the government, the Secret Service will be able to massively upgrade their technology to solve this problem.
This is a good step in the right direction. Crypto frauds must be brought down to it's minimum. Fraudster needs to give innocent people a break
 
Th

This is a welcome development. United States president is really trying. This is a welcome development. With this fruadulent activities will be less and people will not have much fear to invest. Kudos to him
It's not about investing on crypto , it's when people meets each other on social media or online then they get scammed using crypto, that's why the president is putting more effort to stop it
 
US President Donald Trump is laying out a $4.8 billion budget plan for the Secret Service to tackle highly complicated bitcoin frauds. He said that criminals and terrorists around the world are using bitcoin and other cryptocurrencies to conduct serious crimes that we don't even know. I'm pretty sure with this type of funding from the government, the Secret Service will be able to massively upgrade their technology to solve this problem.
I think bitcoin are made for these Secrets works
Usa should make a new cyber rule for prevent this issue.Its become a headache now.
Theft or kidnappers using this bitcoins for their own payment
Hackers hacking exchanges?
 
I think bitcoin are made for these Secrets works
Usa should make a new cyber rule for prevent this issue.Its become a headache now.
Theft or kidnappers using this bitcoins for their own payment
Hackers hacking exchanges?
The problem is that if USA tries to make a strict rule against bitcoin hack and theft , and what if it' a foreigner that scam a citizen of the country how will the rule take effect
 
The problem is that if USA tries to make a strict rule against bitcoin hack and theft , and what if it' a foreigner that scam a citizen of the country how will the rule take effect
I think it only effects on some fields of crypto markets
But you question mean vast meaning
Its hards to identify a foreigners that scams and who steal money
But it may help some little things and add more security on markets
 

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