The United States government has announced that it will pay cryptocurrencies to those who provide useful information to help protect their national security. Specifically, the State Department will provide $ 10 million for platforms that provide information on cyberattacks prepared by foreign governments.
This measure differs in that it was the first time in North America that a nation used cryptocurrency to pay rewards for services received. Note that this measure clearly applies to China. Recently, the European Union, the United States and NATO have accused China of attacking Microsoft.
This attack on the tech giant, according to Western countries, was planned by the Chinese government itself. Thus, this group of countries, which will be joined by Australia and New Zealand, will form a defense network against cyber threats, which are supposed to be originated and orchestrated by Beijing.
The US government will pay for services with cryptocurrencies
The fact that the United States government itself, through the Department of State, will pay with cryptocurrency is critical. This is the first precedent for the use of digital currencies by the authorities of this country. In this case, to access confidential information related to the protection of your national security.
This fact clearly shows that the American authorities are using all possible methods and forms in the face of external threats. It should not be forgotten that the colonial pipeline was recently successfully attacked by Russian hackers. This fact has called into question the ability of the United States to defend against such threats.
“This is the first time that an equity-focused information reward program has used cryptocurrencies,” a CoinDesk spokesperson explained. This agency of the North American government had to go through a dark web to protect the source of the informant.
At the same time, this would be the goal of the US government, announcing that it will pay rewards in cryptocurrencies.
The US government, through the Department of State, will pay cryptocurrency rewards for information related to cyber attacks orchestrated by foreign governments. Source: CNN
Cryptocurrencies suitable for governments
While digital currencies as such have nothing to do with their use, this case is very striking. Their creation is aimed at freeing people from the economic tentacles of their governments. However, they become instruments of strengthening, or rather, state apparatus. Now the US government will pay for services with cryptocurrencies.
Many countries, such as North Korea or Iran, openly use cryptocurrencies to avoid unilateral US sanctions. It is now the last country to use virtual currencies against countries hostile to its interests.
Interestingly, many of these countries continue to be suspicious of cryptocurrencies. The most extreme case is China, although not the only one. Senior US government officials have accused cryptocurrencies of involvement in crime. Despite this, these digital assets still exist with goals aimed at ensuring the economic rights of individuals to privacy. As you know, the use of cryptocurrencies is a way to prevent inflation from affecting the incomes of people and businesses.