FBI’s 130 Crypto-Related Cases
The Federal Bureau of Investigation (FBI) allegedly”has 130 cases tied to cryptocurrencies,” based on Supervisory Special Agent Kyle Armstrong. Speaking at the Crypto Evolved conference Wednesday in New York, he was quoted by Bloomberg:
The cases’threat tagged’ to monies encompass crimes like kidnapping, illegal drug sales, human trafficking and strikes.
Armstrong is in charge of the FBI’s virtual currency initiative, which has existed for about three years, the publication noted.
While acknowledging that his agency”takes a neutral view on digital tokens, he noted several advantages and disadvantages,” the news outlet conveyed and lent him explaining that the FBI has noticed an increase in illegal activity facilitated by cryptocurrency payments. “There are thousands of cases in the agency, so it is a little sliver at this time,” he elaborated and net bitcoin casino review.
Crypto Use on the Dark Internet
According to Armstrong,”the opioid epidemic” has become a focus of the FBI as the agency sees”a surge in drug misuse,” allowed by the dark web. Moreover, he claimed that the agency has also”seen a substantial rise in extortion schemes related to virtual monies 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 technology to combat cybercrime. The bureau cited,”A number of our criminal investigators face the challenge of identifying online pedophiles who hide their identities and offenses behind layers of anonymizing technologies, or drug traffickers using virtual currencies to obscure their transactions.”
On Monday, the House of Representatives passed a bill to help prevent the use of cryptocurrencies including bitcoin, dashboard, zcash, and moneroGet up to 1 Bitcoin Free on Betcoin bonus code This bill shortly follows a testimony by a high-ranking official of the U.S. Secret Service prior to the House of Representatives Financial Services Subcommittee on Terrorism and Illicit Finance. He asked Congress for help in preventing the use of cryptocurrencies.
What’s more, the U.S. Department of Justice announced Tuesday that it has seized”nearly 2,000 bitcoins and other cryptocurrencies, with an approximate value of more than $20 million,” at a nationwide undercover operation targeting darknet sellers.
What do you think of the FBI linking 130 cases to cryptocurrencies? Let us know in the comments section below.
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Source: bitcoincasinoreview.info
