US Secret Service holds crypto, praises blockchain tech in Reddit AMA

While some regulators still see crypto as a tool for fraudsters and scammers, the REACT task force praised the transparent and public nature of blockchains as an “fantastic chance” for criminal offense fighters to track the circulation 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 described themselves as crypto “enthusiasts” in later reactions. Related: Crypto is not criminal: United States Secret Service introduces crypto awareness center When asked if they see any substantial distinctions between crypto crimes and illegal activity in the world of traditional financing, the Secret Service kept in mind that the “large majority” of calls and reports received by their office normally includes crypto in some style.

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 “remarkable opportunity” for criminal activity fighters to track the circulation 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 “absolutely holders of crypto” and explained themselves as crypto “enthusiasts” in later responses. Related: Crypto is not criminal: US Secret Service releases crypto awareness center When asked if they see any significant distinctions in between crypto criminal offenses and illicit activity in the world of traditional finance, the Secret Service kept in mind that the “vast majority” of calls and reports gotten by their office typically involves crypto in some fashion.