President Biden Is Building a Coalition of 30 Countries To Address Cyber Crime, Including Illicit Use of Cryptocurrencies

President Joe Biden says the United States is creating a union of nations to combat digital crimes, including the malicious use of cryptocurrencies.

According to a statement released by the White House, Biden says the US will join forces with 30 other countries, including allies from the North Atlantic Treaty Organization (NATO) and Group of Seven (G7) nations, to counteract bad actors in the tech and digital asset spaces.

 

The President also urges all Americans and US companies to take the necessary steps to avoid being victims of online crimes.

The announcement comes on the heels of the White House issuing an executive order in May and a memorandum in July to protect critical US infrastructure from cyber attacks.

 

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