Recently introduced Ransomware and Financial Stability Act (H.R.5936) is the right direction for undermining ransomware attacks, by disallowing payments, but it just does not go far enough. This proposal only benefits traditional financial institutions. Ransomware potentially impacts every business, person, government service, and even the cryptocurrency world!
We need to ban all ransomware payments to truly discourage attackers in an effective way!
News Story - https://threatpost.com/congress-ban-ransomware-payouts/176213
And how do you ban payments in a system which was designed to be permissionless?
Yes it would be good to ban every payment to ransomware distributors, but as futile as banning ransom itself.