Bitcoin bits to target

Enter the terms you wish to search for. Bitcoin Is Being Monitored by an Increasingly Wary U. Bitcoin bits to target prominent among them: bitcoin, which, like conventional currency, can be traded online, transferred, stored or exchanged for cash.

This suits bitcoin users just fine. They want a secure way to exchange money by laptop, mobile phone or email. Juan Zarate, chairman of the Center on Sanctions and Illicit Finance at the Foundation for Defense of Democracies and on the board of advisers for San Francisco’s Coinbase, one of the most popular virtual currency exchanges in the world. In 2003, Zarate led an elite team at the U.

Department of the Treasury who engineered the model used today to target, block and freeze the finances of America’s enemies through their personal bank accounts—from Iranian money launderers to cronies of Russian President Vladimir Putin. This ability to financially disrupt, disable and dismantle nefarious networks, is crucial to U. It has proven effective for more than a decade and is often strongly preferable to deploying troops. Even Iran had a hard time finding safe havens. In fact, years of financial pressure from the U.