Buenoscoin
Contributor
Bitcoin had significantly lowered its status as the cryptocurrency par excellence for criminal activities, according to a report by the US Drug Enforcement Administration (DEA).
In statements to Bloomberg, agent Lilita Infante was notified that the proportion of criminal activity related to Bitcoin (BTC) had decreased considerably, after being linked to 90% of them only 5 years ago.
Currently, less than 10% of transactions linked to crimes carried out in Bitcoin. However, according to the agent, this does not mean that the number of transactions has been reduced - on the contrary, that it has increased - but that the cryptocurrency is being used differently.
"The volume of transactions has grown too much, the number of transactions and their value in dollars has grown considerably over the years in criminal activity, but the proportion has decreased. Most transactions are being used to speculate with the prices,” Said Infante.
Bitcoin is a secure tool that can be tracked, but even private or anonymous cryptocurrencies such as Dash, Zcash and Monero can be tracked by the DEA according to the agent, because the addresses of the portfolios are no longer available in the identities of its users as in the past.
Did you like this article? Don’t forget to follow @Buenoscoin on instagram to stay up to date with all the news of the cryptoworld.
Check out Buenos.io for more info.
In statements to Bloomberg, agent Lilita Infante was notified that the proportion of criminal activity related to Bitcoin (BTC) had decreased considerably, after being linked to 90% of them only 5 years ago.
Currently, less than 10% of transactions linked to crimes carried out in Bitcoin. However, according to the agent, this does not mean that the number of transactions has been reduced - on the contrary, that it has increased - but that the cryptocurrency is being used differently.
"The volume of transactions has grown too much, the number of transactions and their value in dollars has grown considerably over the years in criminal activity, but the proportion has decreased. Most transactions are being used to speculate with the prices,” Said Infante.
Bitcoin is a secure tool that can be tracked, but even private or anonymous cryptocurrencies such as Dash, Zcash and Monero can be tracked by the DEA according to the agent, because the addresses of the portfolios are no longer available in the identities of its users as in the past.
Did you like this article? Don’t forget to follow @Buenoscoin on instagram to stay up to date with all the news of the cryptoworld.
Check out Buenos.io for more info.