CIA Working on Cryptocurrency Project

Official Seal of the CIA / Photo via the US Government

Wade into Reddit and you’ll discover conspiracy theories claiming that Tom Hanks is a pedophilia kingpin, Bill Gates inserted microchips into coronavirus vaccines, and the CIA invented Bitcoin.

Well, as it turns out, the CIA is involved in cryptocurrency after all—even if it didn’t invent Bitcoin.

During the Wall Street Journal‘s CEO Summit yesterday, Central Intelligence Agency Director William Burns admitted that the CIA has multiple projects to keep track of cryptocurrencies.

Responding to a question about whether the intelligence agency was able to constrain ransomware attacks emanating from abroad, Burns said his predecessor “had set in motion a number of different projects focused on cryptocurrency and trying to look at second- and third-order consequences as well and helping with our colleagues in other parts of the U.S. government to provide solid intelligence on what we’re seeing.”

Read more at Decrypt

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