Bitcoin a Possible Threat to National Security?

A special division within the Department of Defense is investigating the popular cryptocurrency, looking for answers towards if it could be used by terrorists to perform a threat to the national security. The Combating Terrorism Technical Support Office have created a program which will help the military understand highly new things such as cryptocurrencies and help them understand how they can pose a threat.

“The introduction of virtual currency will likely shape threat finance by increasing the opaqueness, transactional velocity, and overall efficiencies of terrorist attacks,” A memo stated. The DoD is not happy about the anonymous transactions that the Bitcoin offers to its users, while they can see all transactions they cannot see who send and received it.

This allows people to transfer funds across the globe without being traced in any sort of way and brings the same “security” for them as a cash  trade would do. There has been no proof of terrorism funded by cryptocurrencies yet though, but the department will continue to operate to ensure that no such thing will happen in any case.

The departments main subject is to ensure that weapons, bombs and similar artifacts will not be smuggled illegally into the country and that such things are not up for purchase through cryptocurrencies. 

Daniel Allermand

Daniel Allermand is a freelance writer, with more than 4 years of experience in the industry as an operator, affiliate and poker player. Daniel has decided it was time to try and bring more coverage about the industry to the general public by writing articles about everything from poker to casino.  

Recent Posts

Bitcoin mining as a catalyst in the world’s transition to green energy

Bitcoin mining to drive the world’s transition to green energy. This is what Mike Colyer, Chief Executive Officer of Foundry Digital,…

13 hours ago

April 14, HUGE day for Crypto as Coinbase direct listing is just hours away

Today is a huge day for Crypto. Coinbase, the top cryptocurrency exchange in the United States, will launch its COIN…

15 hours ago

Bitcoin is not a good option for criminals, says former CIA Director in a new report

Bitcoin is not really being used in money laundering operations. And considering the fact every transaction is recorded on the…

1 day ago

“caged bull” Bitcoin breaks into a new all-time high of almost $63,000

Just a day after Bloomberg analyst Mike McGlone called Bitcoin a “caged bull, well rested to escape”, the latter seemed…

1 day ago

Ripple files motions to dismiss lawsuit as XRP blasts to new three-year high

Just before the weekend, Judge Sarah Netburn ruled that Ripple executives Brad Garlinghouse and Chris Larsen’s did not have to…

1 day ago

Cardano, more than a hedge against Ethereum?

In a new video on the popular YouTube channel ‘Coin Bureau’, host Guy shares his thoughts on Cardano and the…

2 days ago