According to The Wall Street Journal, the Biden administration plans to implement new measures to make it more difficult for hackers to profit from ransomware attacks using cryptocurrencies. As early as next week, the Treasury Department will reportedly impose sanctions and guidance designed to discourage organizations from using digital currencies to pay for ransoms.Per The Journal, among the measures the agency is considering are fines and other penalties aimed at businesses that cooperate with hackers. Later in the year, the Treasury Department is also expected to implement new anti-money laundering and terror-financing regulation to limit further the use of cryptocurrencies as a payment method for ransoms and other illegal activity.The incoming sanctions will reportedly single out specific traders and exchanges instead of casting a wide net and attempting to disrupt the entire crypto ecosystem. In addition to harming organizations that may have facilitated ransomware payments in the past, the hope is that
