Secret Service owns crypto, loves blockchain and has an NFT collection: Reddit AMA

The United States Secret Service owns crypto, has its own NFT collection and has applauded blockchain innovations capability to combat financial criminal offense, Reddit users discovered during a recent ask-me-anything (AMA). On May 15, agents from the United States Secret Service San Francisco Field Office and the Bay Area Regional Enforcement Allied Computer Team (REACT) opened themselves to questioning from members of the subreddit, r/cryptocurrency. While some regulators still see crypto as a tool for scammers and fraudsters, the REACT job force praised the transparent and public nature of blockchains as an “amazing chance” for criminal activity fighters to track the circulation of money.The “ask me anything” Reddit thread from the Secret Service. Source: Reddit. The Secret Service has previously made the point that the immutable nature of the blockchain journal suggests that illicit financial activity can be more quickly kept track of and tracked than fiat in many cases. An upcoming Netflix-featured Bitfinex story involving some not likely lawbreakers made this point very clear: its quite tough to wash cash utilizing blockchain. Answering a follow-up question about how finest to hide dubious behavior on the blockchain, the Secret Service stated that if individuals want to do dodgy things economically, its best to take the money in cash than crypto.Secret Service offers proof to Reddit to confirm their identity ahead of the AMA. Source: RedditAnother Redditor asked whether or not the Secret Service itself held cryptocurrency, to which the authority stated they were “definitely holders of crypto” and described themselves as crypto “lovers” in later actions. The company said that by owning crypto, it assists them better comprehend the deeper mechanisms of the crypto world.” Pretty much most cases require a specific level of ELI5 ing. Its somewhat of a running joke around here,” the firm described, with the acronym “ELI5” referencing the popular subreddit r/explainlikeimfive. Related: Crypto is not criminal: US Secret Service introduces crypto awareness center When asked if they see any substantial differences in between crypto crimes and illicit activity on the planet of conventional finance, the Secret Service kept in mind that the “large bulk” of reports and calls gotten by their office generally includes crypto in some fashion. “They vary in a lot of methods to fiat investigations, both in great ways and bad ways, but a lot of noteworthy is that crypto deals are immutable and irreparable.” While the agencies reacted to a broad variety of serious concerns, there was likewise some fun to be had during the session. When one redditor asked whether the Secret Service would consider releasing its own “memecoin”, the company reacted by plugging its own NFT collection on OpenSea. The U.S. Secret Service San Francisco Field Office NFT Collection. Source: OpenSeaMagazine: Cryptocurrency trading addiction– What to look out for and how it is treated

While some regulators still see crypto as a tool for scammers and scammers, the REACT job force applauded the public and transparent nature of blockchains as an “fantastic chance” for criminal offense fighters to track the flow of money.The “ask me anything” Reddit thread from the Secret Service. Source: RedditAnother Redditor asked whether or not the Secret Service itself held cryptocurrency, to which the authority stated they were “certainly holders of crypto” and explained themselves as crypto “lovers” in later reactions. Related: Crypto is not criminal: US Secret Service releases crypto awareness hub When asked if they see any significant differences in between crypto crimes and illegal activity in the world of traditional financing, the Secret Service kept in mind that the “vast bulk” of reports and calls received by their office usually involves crypto in some fashion.