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The US Secret Service has its own collection of cryptocurrency NFT tokens

2:37 pm, May 16, 2023

On Monday, May 15, users of the Reddit platform had the opportunity to ask various questions to the US Secret Service. Together with members of the REACT unit, the agency also held an AMA session.

You can see all the answers in the subreddit thread. A separate set of questions was dedicated to blockchain, cryptocurrency theft, and NFTs.

REACT members consider blockchain technology to be «useful». «The decentralized and transparent nature of the blockchain allows individuals to track the movement of capital,» the law enforcement officials said. - «This makes the cryptocurrency industry more regulated than fiat. There are also cases when it is easier to trace stolen funds in digital assets

In addition, a representative of the Secret Service «advised» to use cash for illegal activities, as it is much harder to trace and link to a particular person.

Reddit users were also interested in whether the number of cybercrimes related to cryptocurrencies is growing. Law enforcement officials answered in the affirmative. According to a representative of the Secret Service, most fraud complaints are somehow related to the digital asset sector. Interestingly, the agency itself also owns cryptocurrencies. According to the service, this allows employees to «better understand the market and the behavior of its participants.»

When asked whether the Secret Service will launch its own meme-coin, the agency noted that OpenSea already has a collection of United States Secret Service San Francisco Field Office NFTs.

As a reminder, a unique limited edition NFT series The Oath was launched in honor of the coronation of the new British monarch Charles III. The digital tokens were created by the Evening Standard media outlet.

The Oath is a tokenized and animated version of Trevor Jones' painting The Oath. It depicts the crown of St. Edward against the backdrop of a London street and the national flag. This is a photo of a real crown made of solid gold weighing 2.2 kg. It has been used to crown British monarchs since 1661.

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