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Author Topic: [2017-06-06] Interpol Form Consortium to Stop Criminal Use of Virtual Currencies  (Read 3497 times)
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June 06, 2017, 04:29:10 AM

The European Union’s (EU) latest attempt to centralize data from decentralized systems comes in the form of dark web project TITANIUM.

‘Consortium’ Tackles ‘Criminal Use Of Dark Web’

Sponsored by the Austrian Institute of Technology GmbH (AIT) under the auspices of the European Commission, a fifteen-strong “consortium” made up of seven EU member states will look at how to “prevent criminal use of the dark web and virtual currencies.”

TITANIUM, which stands for Tools for the Investigation of Transactions in Underground Markets, is mostly a response to the WannaCry cyberattack, which severely compromised businesses and other organizations within the 28-member bloc.

“Criminal and terrorist activities related to virtual currencies and darknet markets evolve quickly and vary in technical sophistication, resilience and intended targets,” co-ordinator Ross King said in a press release issued today about the project.

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