U.S. Justice Dept Ramps Up Efforts to Regulate Bitcoin, Other Cryptocurrencies

Speaking before a caucus filled with American bankers, Deputy Attorney General Rod Rosenstein said cryptocurrencies are a “new challenge” and the agency is planning on tending to the issue soon.

Former Gov. Tim Pawlenty (R-MN) asked Rosenstein during the session if there is anything more the United States government can do to deter individuals and nation-state actors from conducting cyberattacks against U.S. businesses.

“A new challenge we face of course is cryptocurrency, because a lot of these schemes involve Bitcoin and other cryptocurrencies, which do not flow through the traditional financial systems. So what we’re working on now with our cybercrimes task force within the department is an effort to develop a compressive strategy to deal with that, ” Rosenstein said.

- Aaron Goldstein, Gambling911.com