[2017-06-23]FBI Requests New Funding To Investigate Use Of Virtual Currencies

On June 21 the acting director of the FBI, Andrew McCabe, gave a speech to U.S. bureaucrats requesting a new budget for the fiscal year of 2018. The request proposal totals of $8.77 billion, and some of that funding will be appropriated towards investigating the use of virtual currencies by criminals who “obscure their transactions.”

During this year’s FBI budget hearing Andrew McCabe asked for continued support during the agency’s leadership transition period. McCabe has taken the place of former FBI director James Comey who was let go by President Donald Trump. The acting director has the same concerns as Comey did in regards to the challenges involved with gaining access to digital information

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