US authorities will tighten control over cryptocurrency transactions

US authorities will tighten control over cryptocurrency transactions

The administration of US President Joe Biden is going to tighten control over cryptocurrency transactions. This will happen due to the need to suppress the actions of hackers who use ransomware viruses.

The US authorities are going to tighter control of cryptocurrency transactions.

According to Bloomberg sources, the US authorities plan to “more closely monitor transfers” of funds represented in the cryptocurrency, which companies, organizations and departments make as payments to cybercriminals. Hackers can demand funds for recovering stolen information or restoring access to computer systems.

Earlier, US National Security Adviser Jake Sullivan said that the United States administration will announce additional steps this week to counter cyberattacks using ransomware.

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