United States Drug Administration …

US Anti-Drug Service: Speculators Use Bitcoin More Than Criminals

5 years ago, about 90% of transactions using bitcoin were criminals, but now this figure is only 10%, Lilita Infante, a special agent of the Drug Enforcement Administration, said in a conversation with Bloomberg.

“The volume has grown dramatically, the number of transactions and the price against the dollar have also increased in recent years in the context of criminal activity, but their share has fallen. Most of the transactions are aimed at speculation, ”she said.

Despite the change in emphasis from illegal activity to trading, activity on the black markets continues to grow, and with it the volume of criminal transactions in absolute terms..

In recent years, American law enforcement officers have begun to use blockchain technology for their own interests, including to combat money laundering and drug trafficking..

United States Drug Administration ...

Infante maintains that her department continues to maintain leadership in the use of advanced technology. “We have the tools to track them,” she said, adding that currently, criminals still prefer to use the public Bitcoin blockchain for their business..

“Blockchain gives us the tools to identify people. In fact, I would like the criminals to continue to use it, ”said Infante.

United States Drug Administration ...

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