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CIA Running a ‘Number of’ Active Crypto Projects, Director Claims

 

The Central Intelligence Company (CIA) Director William Burns has admitted that his company has “quite a few totally different tasks centered on cryptocurrency” in progress – and claimed that his predecessor Gina Haspel had “began” the CIA ball rolling within the crypto sphere. What’s extra, the company is feeding its crypto “info” to “different elements” of the American authorities, Burns mentioned.

Haspel served because the CIA Director from 2018 till March this 12 months, when Burns took over.

At a Wall Road Journal-organized event, Burns said:

“That is one thing I inherited. My predecessor had began this, however had set in movement quite a few totally different tasks centered on cryptocurrency and making an attempt to have a look at second- and third-order penalties as nicely and serving to with our colleagues in different elements of the US authorities to supply strong intelligence on what we’re seeing as nicely.”

Burns added that crypto may have an “huge impression on every thing from ransomware assaults,” as a result of “one of many methods of getting at ransomware assaults and deterring them” is to have the ability to “get on the monetary networks that so lots of these felony networks use and that will get proper on the subject of digital currencies as nicely.”

Vice claimed that Burns’ admission was “hardly stunning given the main target ransomware is getting from each nook of presidency.”

On Twitter, some mused that the CIA may even have infiltrated social media teams and could be making an attempt to exert a delicate affect over crypto neighborhood members.

The admission seems to have given a brand new wind to the years-old conspiracy idea that the CIA could be Satoshi Nakamoto or have performed an element in creating bitcoin (BTC).

Others quipped that the lure of crypto may show too robust for some brokers.

On Reddit, some speculated that the company may need its finger in sure privateness coin pies, with one opining:

“[The] CIA positively needs to understand how cash is being laundered and spent. So no matter cash which are promoting themselves as being ‘safer than the remaining’ are positively CIA.”

Elsewhere on Reddit, one other asked:

“Did anybody have any doubts that the CIA was into crypto?”

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– As Bitcoin’s Taproot Nears, Ex-CIA Director’s Paper Raises Privateness Considerations
– Former CIA Analyst on Crypto Regulation

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