Bitcoin [BTC] criminal activities fall down to 10% from an inflated 90%

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Bitcoin [BTC] criminal activities fall down to 10% from an inflated 90%

Tue Aug 07, 2018 6:16 pm

Recently, Lilita Infante of the U.S. Drug Enforcement Administration [DEA] made a statement regarding the relation between Bitcoin and illegal activities. She stated that the transaction volume of Bitcoin used for illegal or criminal activities has increased since 2013, but the ratio of its usage in criminal activities has come down to 10% from an inflated 90%, highlighting speculative market as the dominant activity.

Infante has given the statement in correspondence with the statistics borne out of the cases that she has handled at the DEA across a time span of 5 years. The DEA official is a special agent at the organization and is one of the 10-person Cyber Investigative Task Force. Furthermore, Infante gave a statement in an office interview, stating:

The volume has grown tremendously, the amount of transactions and the dollar value has grown tremendously over the years in criminal activity, but the ratio has decreased. The majority of transactions are used for price speculation.”

A permanent case for DEA for years has been the dark web. Dark web specifically operates on cryptocurrencies and is exclusively known for its criminal activities in the trade of goods such as drugs, among other things. Due to the faster, cheaper and private nature of cryptocurrency transactions, they have become ubiquitous in illegal cross-border money laundering cases as well, according to the DEA agent.


https://ambcrypto.com/bitcoin-btc-crimi ... flated-90/

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