Federal law enforcement has seized more than $30 million in cryptocurrency that North Korean hackers stole earlier this year. The increase in indictments and lawsuits regarding cryptocurrency is a measure of the success of updated requirements and analysis products, says Brian Capra of Chainalysis.
However, federal agency leaders must remain increasingly vigilant about how cryptocurrency is used to finance terrorist and cybercriminal activities, says Capra, director of strategic applications for Chainalysis.
In a recent Daily Scoop podcast, Capra discusses how industry players can help government leaders access up-to-date information on crypto activities.
“Chainalysis monitors all transactions made on [crypto] coins that we see on the blockchain. Imagine having access to all this information in a Fiat banking system. Chainalysis really goes beyond detecting monitoring of this and ensuring transparency within the blockchain,” says Capra.
Listen to the full interview with Capra for more information.
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This podcast was produced by Scoop News Group for The Daily Scoop Podcast and syndicated by Chainalysis.