Cryptocurrency

Trump strengthens fight against cybercrime

The President of the united States of America, Donald Trump, has filed its project proposal for the budget of the country. Valued at 4.8 trillion dollars, the administration’s proposal to Trump, would include a movement of importance to strengthen the fight against cybercrime. Including the related cryptocurrencies. We refer to the return of the Secret Service and the Department of the Treasury.

The Secret Service

In 1865, the federal government of the united States created an agency within the Department of the Treasury: Secret Service. This body was responsible for working to prevent attacks against the U.s. currency, the dollar. Therefore, at the time of its creation, at least a third of the dollars in circulation were forgeries. With the passage of time, its duties were growing. Until, following the assassination of President William Mckinley in 1901, they assume the protection of the President of the united States. However, the real change for the agency would come after the attacks of September 11. When the same passes from the Department of the Treasury, to be under the direction of the Department of Homeland Security. A motion that the President Trump would be trying to reverse. By returning the control over the Secret Service, the Department of the Treasury. In an attempt to expand the capabilities of your government, to fight against the new types of crimes that are emerging around the world.

The fight against cybercrime Trump

The administration’s proposal to Trump, would be provided by the recognition of the growing complexity of the threats of the modern world. Especially those related to cybercrime and the cryptocurrencies, and that require a specialized body to combat them. Which is highlighted within the proposed budget: “The technological advances of the last decades, as the cryptocurrencies and the growing interconnectedness of the international financial market. Have given rise to criminal organizations more complex. And have revealed strong links between financial crimes and electronic and the financing of terrorist agents and rogue States”. In addition, the document puts emphasis on the use of cryptocurrencies for illegal purposes. Among them, the sending of money to the Assad regime in Syria. Or as a method of Russia to avoid the economic sanctions laid by the west, after the taking of the Crimea in Ukraine. Therefore, to return the Secret Service to the hands of the Department of the Treasury, as it seeks to Trump. Would be left in the hands of this branch of the american government, the coordination of intelligence agencies, financial institutions, and regulators. To detect the cibercrimenes involving criptoactivos and stop them. Allowing, thanks to the centralization of the direction of the fight against cybercrime, a performance more efficient. In this way, the government of Donald Trump is committed to paying greater attention to the threat of cybercrime in our world. Creating mechanisms to combat those that make use of technology for criminal purposes. What makes this our Fact of the Day today here in CriptoTendencia. The following two tabs change content below. Student of International Studies, interested in issues of economy and international politics. Passionate about the progress of the Fourth Industrial Revolution in general and the cryptocurrencies in particular.

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About the author

Caroline W.

Caroline W.

Caroline is passionate about learning languages, cultures and the Internet. She has years of experience working at international online advertising projects. Growing interested in Bitcoin and cryptocurrencies in late 2018, she joined CurrencyMarket24 as a writer.

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