The more things change, the more they seem the same, even in the digital world.
Take crime. According to Lilita Infante, a special agent on the Cyber Investigative Task Force at the U.S. Drug Enforcement Administration, illegal activity involving cryptocurrencies, particularly bitcoin (BTC), has shrunk to about 10 percent of the criminal activities she tracks. Speculation is now the dominant cryptocurrency driver, she says.
But 10 percent is still 10 percent, and it involves such bad guys as drug cartels using digital currencies for money laundering and cross-border transfers because it’s cheaper and faster than going through the banking system, she told Bloomberg.
However, she added, law enforcement is increasingly using blockchain technology to track those crypto transactions and patterns, making it easier for the perps to be caught. Read more here.