Cryptocurrency is one of the most discussed investment tools of recent times, causing great gains to investors as well as causing some investors to suffer great losses. Due to the developments in the markets, cryptocurrencies are no longer mentioned. We explained the reason for this situation in this content.
Many reasons, such as the increase in crypto currency fraud events, the manipulations, and the decrease in trust in the crypto market, caused people to distance themselves from crypto money. Governments, aware of this situation, were taking various steps to prevent their citizens from being victimized. It came from the United States in one step.
Pentagon will track cryptocurrencies for a year
The Pentagon, the headquarters of the US Department of Defense, has launched an investigation to see if some cryptocurrencies pose a threat to national security. The Defense Advanced Research Projects Agency (DARPA), which produces new technologies for the US military to use and has technologies such as GPS and unmanned aerial vehicles, will make a large map of the crypto market for the ministry. The agency will also produce various tools that will provide the Pentagon with detailed insights into the inner workings of the crypto market for the review, which it estimates will take about a year.
DARPA hired Inca Digital for the review and mapping process. Inca Digital CEO Adam Zarazinski believes his company will help the government better understand how crypto assets work. In addition, with this cooperation, it is aimed to more easily detect fraud and fraudulent commercial activities in the crypto market.
This agreement and review move is seen as one of the ways to thwart terrorists and criminals using cryptocurrencies to finance operations that harm countries.
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