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An agent of the US Drug Enforcement Administration (DEA) noted that the role of Bitcoin (BTC) in crimes fell to only 10% of transactions, while the transactions themselves "grew enormously", reports Bloomberg on 7 August .
In an interview, DEA's Special Agent, Lilita Infante, a member of the 10-person Cyber Investigation Task Force, said the relationship between illegal and legitimate Bitcoin transactions was reversed. last five years, noting
"The volume has grown enormously, the amount of transactions and the value of the dollar has grown enormously over the years in criminal activities, but the relationship has decreased."
The concept Crime that turns into cryptocurrency as an alternative to money has traditionally constituted a central argument used by those critical of Bitcoin's future.
Regulators also decided to address the perceived use of cryptocurrency for illicit purposes, often associated with terrorism and money laundering.
While the popularity of Bitcoin has grown, however, it is now the legitimate business that makes up the vast majority of activities, with Infante observing that "most transactions are used for price speculation".
that although privacy-focused altcoins are less liquid and more anonymous than BTC, the DEA "still has ways of tracing" currencies such as Monero and Zcash. Infante concluded,
"The blockchain actually provides us with many tools to be able to identify people, but I really want them to continue to use them [cryptocurrencies]."
At a public meeting in the United States on digital resources in mid-July, Andreessen Horowitz managing partner Scott Kupor suggested that "Bitcoin is the best friend of the order forces" due to the possibility of tracing illicit blockchain transactions.
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