US and UK Agree to ‘Heighten the Focus on Illicit Use of Cryptocurrency’

US and UK Agree to ‘Heighten the Focus on Illicit Use of Cryptocurrency’

The U.S. and U.K. governments have “committed and agreed to heighten the focus on illicit use of cryptocurrency and ransomware,” the U.S. Department of Justice announced. According to the FBI, high crypto prices have partially made ransomware “incredibly lucrative for the criminals.”

Governments Collaborate to Focus on Illicit Use of Crypto

The U.S. Department of Justice (DOJ) announced Friday that Deputy Attorney General Lisa Monaco and officials from its National Security Division and Criminal Division met with U.K. Home Secretary Priti Patel in Washington, D.C., on Thursday.

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“In their meeting, both governments discussed their close cooperation against numerous threats to their countries’ collective security, including with respect to combating terrorism, cybercrime, and illicit finance,” the DOJ detailed, adding:

Both the deputy attorney general and the

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