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Five years ago criminals were behind about 90% of all bitcoin transactions – a figure that has now fallen to 10%.
This is according to Lilita Infante, a special agent of the US Drug Enforcement Administration who spoke in Bloomberg about changing trends in the relationship between cryptocurrency and criminal activity.
"The volume has grown tremendously, the amount of transactions and the value of the dollar has grown enormously over the years in criminal activities, but the ratio has declined – they are used for price speculation," Infante said.
Despite the shift from criminal use to investment and trade, however, the total volume of bitcoin criminal transactions has increased over the years due to the increased activity of market. It is only that the proportions have actually been exchanged, according to Infante.
Indeed, given this rapid growth in interest in the various cryptocurrency cases, US forces have since relied on technology to some extent using blockchain technology to track cases. of money laundering and illegal drug trafficking.
Even so, Infante claimed that US forces are ahead of the game, saying to the publication that "we still have ways to track them down" and noting that, at least for the time being, most relationships criminals in cryptocurrencies still occur in public blockcoin blockcoin.
"The blockchain gives us many tools to be able to identify people … I really want [criminals] to continue using them," he told Bloomberg.
Image of the handcuffs via Shutterstock
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