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, Bloomberg quoted him:

The cases’threat tagged’ to virtual monies encompass crimes such as illegal drug sales, human trafficking, kidnapping and strikes.

Armstrong is in charge the publication noted.

While acknowledging that his agency »takes a neutral view on digital tokens, he noticed several advantages and disadvantages, » the news outlet conveyed and quoted him explaining that the FBI has noticed an increase in illegal activity facilitated by cryptocurrency payments. « There are hundreds and hundreds of cases in the bureau, so it is a small sliver at this point, » he elaborated and net bitcoin casino review.

Crypto Use on the Dark Internet

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 bureau has also »seen a substantial rise in extortion schemes linked 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 technologies to combat cybercrime. The bureau mentioned, »A number of our criminal investigators face the challenge of identifying online pedophiles who hide their identities and offenses behind layers of anonymizing technology, or drug traffickers who use virtual currencies to obscure their trades. »

On Monday, the House of Representatives unanimously passed a bill to help prevent the illegal use of cryptocurrencies such as bitcoin, dash, zcash, and moneroBitcoin Casino – https://bitcoincasinoreview.info This bill soon 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 illegal use of cryptocurrencies.

Furthermore, the U.S. Department of Justice announced Tuesday that it has seized »almost 2,000 bitcoins and other cryptocurrencies, with an approximate value of greater than $20 million, » in a nationally undercover operation targeting darknet vendors.

What do you think about the FBI linking 130 cases to cryptocurrencies? Let us know in the comments section below.

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Source: bitcoincasinoreview.info