CIA Deputy Director identifies Bitcoin and other cryptocurrencies as instruments that can be employed for intelligence collection purposes.
From the Shadows to the Spotlight: Bitcoin's Role in National Security
In an surprising twist, the CIA acknowledges Bitcoin as a valuable tool in modern spycraft! Michael Ellis, the deputy director of the Central Intelligence Agency (CIA), reveals that Bitcoin can help law enforcement and intelligence agencies track down US adversaries and disrupt their illicit activities.
During an interview with crypto-enthusiast Anthony Pompliano, Ellis shared his perspective on Bitcoin, countering the prevalent view that bad actors use cryptocurrencies for nefarious purposes. Ellis stated: "Bitcoin and other cryptocurrencies are another tool in our [CIA's] toolbox... We can use these technologies to collect more intelligence, to gather more information about our adversaries."
Moreover, Ellis underlined the importance of Bitcoin in the modern era, as crypto is not a passing fad. He mentioned that while not everyone in the agency agrees on this, both he and Director John Ratcliffe are advocates for embracing new technologies.
Ellis went on to say, "Bitcoin is here to stay. Cryptocurrency is here to stay. More and more institutions are adopting it... and I think that's a great trend." The CIA's openness towards Bitcoin reflects a paradigm shift as the agency integrates crypto technologies to remain competitive in an increasingly digital world.
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- The CIA considers cryptocurrencies like Bitcoin and other altcoins as valuable tools in their intelligence-gathering arsenal, recognizing their potential in collecting intelligence and disrupting illicit activities.
- In an interview, Deputy Director of the CIA Michael Ellis highlighted the staying power of Bitcoin and cryptocurrencies, while advocating for the agency's embrace of new technologies to remain competitive in the digital era.
- Meanwhile, the world of finance continues to evolve, with industry news highlighting developments in Bitcoin, Ethereum, and various cryptocurrencies, shaping the future of finance and web 3.
- Simultaneously, the cryptocurrency landscape faces scrutiny from policy-and-legislation and regulators, as well as challenges posed by scams, making it crucial to stay informed about the latest news and updates in this dynamic field.
