Crypto Use on the Dark Internet mBit site

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 at the Crypto Evolved conference Wednesday in New York, Bloomberg quoted him:

The instances’threat tagged’ to virtual monies encompass crimes like illegal drug sales human trafficking, kidnapping and attacks that are ransomware.

Armstrong is in charge of the FBI’s virtual currency initiative, which has existed for around three years, the publication noted.

While acknowledging that his agency”takes a neutral view on electronic tokens, he noted several advantages and disadvantages,” the information outlet conveyed and lent him explaining that the FBI has noticed a rise in illegal activity facilitated by cryptocurrency payments. “There are hundreds and hundreds of cases in the bureau, so it’s 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 since the agency sees”a surge in drug abuse,” allowed by the dark web. Moreover, he claimed that the agency has also”seen a substantial rise in extortion schemes linked 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 crimes and identities behind layers of anonymizing technologies, 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 use of cryptocurrencies including bitcoinbitcoin casino with free spins bonus bitcoin online casino for us players 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 illicit use of cryptocurrencies.

Furthermore, the U.S. Department of Justice announced Tuesday that it has captured”almost 2,000 bitcoins and other cryptocurrencies, with an approximate value of greater than $20 million,” in 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.net

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