US State Department now pays for information on terrorists in crypto

Mon 16 Aug 2021 ▪ 15h07 ▪ 3 min de lecture - par Katie Donaldson

The White House now offers crypto rewards as payouts for any information leading to the identification or location of persons engaged in terrorism. 

New initiative

Rewards for Justice (RFJ), the US Department of State’s Counter-Terrorism Rewards Program, was established in 1984. According to their website, RFJ’s goal is to bring international terrorists to justice and prevent acts of terrorism against American persons or property.

The program now includes payments of up to $10 million (~£7.21 million) for any information on state-backed hackers, according to CNN. The recent Vegas cybersecurity conference called Black Hat was actively used by the authorities to promote this new initiative. The targeted audience had to be familiar with cryptocurrencies and the dark web – the part of the internet that is not accessed by commercial search companies.

Over the last few decades the government has paid out almost $150 million (~£108 million) to just a hundred or so crypto enthusiasts.

The importance of cryptocurrencies 

An unnamed State Department official said that cryptocurrencies allow anonymity, thus, it would be more appropriate to make the payments as secure as possible.

According to William Evanina, the former American national security official serving as Director of the United States National Counterintelligence and Security Center, the government’s new use of cryptocurrency is certainly the most public move it has ever made.

A Washington think tank Coin Center representative also commented on the news: “We have long suspected that law enforcement agencies were taking advantage of the properties of cryptocurrencies. It is great to see the administration recognizes the role that cryptocurrencies can play in promoting activism”.

The cryptocurrency properties in question include their ease of use, anonymity and speed. Hopefully, the State Department’s move will help to engage more crypto enthusiasts and hackers in the fight with terrorism.

The US State Department’s Rewards for Justice (RFJ) programme is adding crypto to its payout options, in a first for any federal agency.

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Katie Donaldson

I went full time crypto back in June 2018, and have never looked back. I want to help persuade as many people as possible to come and build the decentralised future! Let’s go!

DISCLAIMER

Les propos et opinions exprimés dans cet article n'engagent que leur auteur, et ne doivent pas être considérés comme des conseils en investissement. Effectuez vos propres recherches avant toute décision d'investissement.

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