The US Department of Defense is collaborating with the crypto intelligence firm to study the potential security threat of cryptocurrencies.
Security is one of the most important issues for countries and crypto companies. So much so that while countries have to increase their sanctions due to security problems, companies also face attacks. The USA has started a new study on this subject, which can touch all sides.
USA Sifts Cryptocurrencies
The US entered into a 1-year deal with Inca Digital to assess the threat posed by cryptocurrencies.
The Defense Advanced Research Projects Agency (DARPA), an independent agency of the U.S. Department of Defense, has commissioned Inca Digital to develop tools to understand how crypto markets work and help prevent illicit uses of digital assets that could pose a risk to national security.
Mark Flood, DARPA’s program manager, told The Washington Post:
“The program being run here involves mapping the cryptocurrency universe in some detail”
Inca Digital’s clients include a wide variety of government and private sector companies, including the Commodity Futures Trading Commission, crypto exchange FTX and brokerage firm Fidelity.
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