US Congress to Announce Study on Virtual Currency Link to Terrorism Today

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A US Congressional subcommittee is developing a bill to study the use of digital currencies by terrorists, CoinDesk has learned.

The bill, known as the “Homeland Security Assessment of Terrorists Use of Virtual Currencies Act”, is set to be marked up on Thursday by the House Subcommittee on Counterterrorism and Intelligence. That’s a process during which lawmakers work on the text of a bill.

No details about the bill’s contents are currently available as of press time. When reached, a Committee on Homeland Security representative said that a draft would be released to the public sometime later this morning.

The mark-up comes amid a global firestorm around ransomware – malicious software that locks up a computer’s data and demands a ransom paid in bitcoin – following an unprecedented wave of attacks.

CoinDesk will continue monitoring this developing story.

Image via Shutterstock

Read more ... source: CoinDesk

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