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Lenders. I think thats something that id like to talk a little bit about here today because members of our military have to resort to financing from these predatory lenders all too often. We know military Service Members are three times more likely than civilians to use predatory payday loans that charge exorbitant rates. Thats three times the civilians use. The military families carry 10,000 or more in Credit Card Debt compared to 16 for civilian frames. 10 of military families carry more than 20,000 in debt compared to just 7 of the civilian families, and more than half of military Service M...

Terms of youre not truly anonymous. There is an encrypted version of who owns what. So one concern about the, if you will, the reliability of the currency is whether that encryption can actually be broken. So i want to ask that question. There are some very powerful code breakers in the world. And we certainly have cussio discussions about our own u. S. Capability to break codes quite often up here. But the second is weve had this series of reported crimes. One was a Bitcoin Savings and trust which ran a pyramid scheme in bitcoins. We also had the hacking of a Bitcoin Exchange called bit floor...

Tools to protect and prevent illegal activity. In terms of your second question on international regimes, i think its important to note that many of these evolving alternative Payment Systems are in response to consumer demand. And as weve seen in europe and as weve seen in canada and elsewhere, there is a big demand for more realtime payments at lower transax costs. Including transmission of money from one country to the next. Ours has not evolved over the past four years. I know this has potential for abuse, but, i, you know, i may want to get back some of the folks from the treasury at some...

I send examiners out every day to conduct examinations to do transaction testing, money going abroad. So we have the boots on the ground and a local understandint that these companies. Then we pair that with the National Perspective and knowledge of federal agencies who also interact on an international level. By by leveraging these strengths, i think we do a much better job ah detecting and preventing this de illegal activity. I appreciate bothnt those answers. Do you have a sense about the importance of this activity being certained in the United States . Es . What is it what benefits does o...

And she would come in toting a straw bag in each hand filled with some of these things you see on her desk that she had taken home for signing or speech writing or Event Planning or whatever she was working on. Shed come in. Her desk was always very orderly. And as she worked on her desk with letters she was processing or things, when she completed things shed put them on the floor. She loved this office because she could look out at her alma mater and then a corridor through to the capital in the city she loved so much. We had three office staff at the time. We had a person who handled her ca...