Governments have been critical of cryptocurrencies for some time, and despite the fact that sentiment from many governments has become a lot more constructive, they are often still very cautious. But now the language from the government seems to be getting a little louder. The US Department of Defense has hired a think tank to investigate whether cryptocurrencies could pose a threat to national security.
US government wants to learn about crypto
The Defense Advanced Research Projects Agency (DARPA) has in a press release announced that the institute has hired the market researcher Inca Digital. This think tank should accurately map quite a few aspects of the crypto industry.
For example, the US government needs to gain a better understanding of how crypto firms and mainstream businesses are connected, how the crypto industry can impact the traditional financial system, and how currencies like bitcoin (BTC) move in and out of blockchain. ecosystems flows. Specific blockchain techniques will also be explored. The government clearly wants to know the seam of the stock, which of course also makes sense. Crypto assets compete with the existing financial system, in which the government has a lot of say.
Is crypto dangerous?
The reason for this sudden, intense interest lies in the illegal use of blockchain techniques. Criminals also use the traditional financial system, of course, but strict supervision makes this a lot more difficult. That is different in the crypto world. There, a crime is often only solved long after it has been committed, because governments often have less supervision.
Earlier this year, criminals already managed to loot a record amount of tokens, and the year was far from over. Major tech companies are also under fire for making crypto scams too easy.
In fact, crypto scams will already be the by 2022, according to a study second most lucrative form of fraud. This type of scam is not very common, but the amounts that hackers take are much higher than other scams. We will discover whether the US government also finds crypto dangerous.