A group of officials from 32 governments has virtually met recently to discuss cyberattacks issues. According to The Wall Street Journal, the group has reached a consensus to continue international scrutiny of cryptocurrencies to disrupt the ransomware business model.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.
"We are dedicated to enhancing our efforts to disrupt the ransomware business model and associated money-laundering activities," the group said in a joint statement.
The officials noted that standards developed by the Financial Action Task Force are implemented on the global scale unequally. The group also recognized the challenges some jurisdictions face in developing frameworks and investigative capabilities to address the constantly evolving and highly distributed business operations involving cryptocurrencies.
In the meantime, venture capital firm Andreessen Horowitz (a16z) is planning to discuss cryptocurrency regulation in the US with leaders in the White House this week. While the list of officials with whom the executives plan to meet remains undisclosed, the a16z Crypto team said the firm wants to have meetings with "top leaders at the White House, executive agencies, regulators, House, and Senate."
Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.