Christopher Wray, director of the Federal Bureau of Investigation, said cryptocurrency is a "significant problem" that may become a "growing problem" for the agency charged with the enforcement of the law.

Before the US Senate Committee on Homeland Security and Government Affairs, Wray responded to questions from US Senator Mitt Romney (R-UT) on cryptocurrency, law enforcement and terrorist deterrence in these areas. terms:

"We are examining the issue from an investigative perspective, including tools that allow us to track the money even in this new world in which we live."

Wray supported Romney's series of questions about the financing of terrorism, saying that American opponents "are getting easier with technology and various types of technologies that anonymize their efforts."

It's not just crypto, though. Wray noted that encryption affects all aspects of emerging technologies such as instant communications:

"Whether it's cryptocurrency, its default encryption on devices and email platforms; we evolve as a country and in the world in a direction where, if we fail to act, money, people, communication, evidence, facts, all the bread and butter that each of us to do our work will be essentially isolated of the men and women we represent. "

In 2018, the FBI reported having about 130 crypto cases under investigation, ranging from human trafficking to ransomware. And, in May, the FBI shut down DeepDotWeb, a dark market that was demanding some cryptocurrency services.

See the relevant extract from the audience below:


Christopher Wray, director of the Federal Bureau of Investigation, said cryptocurrency is a "significant problem" that may become a "growing problem" for the agency charged with the enforcement of the law.

Before the US Senate Committee on Homeland Security and Government Affairs, Wray responded to questions from US Senator Mitt Romney (R-UT) on cryptocurrency, law enforcement and terrorist deterrence in these areas. terms:

"We are examining the issue from an investigative perspective, including tools that allow us to track the money even in this new world in which we live."

Wray supported Romney's series of questions about the financing of terrorism, saying that American opponents "are getting easier with technology and various types of technologies that anonymize their efforts."

It's not just crypto, though. Wray noted that encryption affects all aspects of emerging technologies such as instant communications:

"Whether it's cryptocurrency, its default encryption on devices and email platforms; we evolve as a country and in the world in a direction where, if we fail to act, money, people, communication, evidence, facts, all the bread and butter that each of us to do our work will be essentially isolated of the men and women we represent. "

In 2018, the FBI reported having about 130 crypto cases under investigation, ranging from human trafficking to ransomware. And, in May, the FBI shut down DeepDotWeb, a dark market that was demanding some cryptocurrency services.

See the relevant extract from the audience below:

Image and video of Christopher Wray via C-SPAN

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