The Department of Justice is launching two new initiatives aimed at targeting cybercriminals who use cryptocurrency and government contractors who fail to report breaches. The cybersecurity initiative is focused on treating cryptocurrency exchanges more like banks. The exchanges have a responsibility to not help criminals launder money or hide their proceeds, Deputy Attorney General Lisa Monaco said at a virtual summit on Wednesday. “We want to strengthen our capacity to dismantle the financial ecosystem that enables these criminal actors to flourish and to profit from what they’re doing,” she said in announcing the National Cryptocurrency Enforcement Team. The department, or DOJ, already took action on that front last month, securing a guilty plea from an Ohio man who operated a bitcoin “mixer,” which can help obscure the owner of certain bitcoin holdings. “Cryptocurrency exchanges want to be the banks of the future? Well, we need to make sure that folks can …
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