FBI’s 130 Crypto-Related Cases
The Federal Bureau of Investigation (FBI) reportedly”has 130 cases tied to cryptocurrencies,” based on Supervisory Special Agent Kyle Armstrong. Speaking in the Crypto Evolved conference Wednesday in New York, he was quoted by Bloomberg:
The cases’threat tagged’ to currencies encompass crimes such as human trafficking, illicit drug sales, kidnapping and ransomware strikes.
Armstrong is in charge of the FBI’s virtual currency initiative, which has existed for about three decades, the publication noted.
While acknowledging that his agency”takes a neutral view on electronic tokens, he noted several pros and cons,” the news outlet conveyed and quoted him explaining that the FBI has noticed a rise in illegal activity facilitated by cryptocurrency payments. “There are thousands of cases in the agency, so it’s a little sliver at this time,” he elaborated and net bitcoin casino review.
Crypto Use on the Dark Web
According to Armstrong,”the opioid epidemic” is now a focus of the FBI since the agency sees”a surge in drug abuse,” allowed from the dark web. Moreover, he claimed that the agency has also”seen a substantial rise in extortion schemes related to virtual currencies on the southwest border of the U.S.”
In its budget request for Fiscal Year 2018, the FBI asked for”80 positions and $21.6 million” to improve its investigative technologies to combat cybercrime. The bureau cited,”Some of our criminal researchers face the challenge of identifying online pedophiles who conceal their identities and offenses behind layers of anonymizing technology, or drug traffickers using virtual currencies to obscure their trades.”
On Monday, the House of Representatives passed a bill to help stop the illegal use of cryptocurrencies including bitcoin, dashboard, zcash, and monerobest bitcoin casinos for us players bitcoin casinos for us players no deposit bonus codes 2019 This bill shortly follows a testimony by a high-ranking official of the U.S. Secret Service before the House of Representatives Financial Services Subcommittee on Terrorism and Illicit Finance. He asked Congress for help in preventing the use of cryptocurrencies.
Furthermore, the U.S. Department of Justice announced Tuesday that it has captured”nearly 2,000 bitcoins and other cryptocurrencies, with an approximate value of more than $20 million,” at a nationwide undercover operation targeting darknet vendors.
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Source: bitcoincasinoreview.info
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