Are cryptocurrencies used in Serious Organised Crime and terrorism?

The UK’s intelligence agencies have asked Europe’s largest cryptocurrency exchange, Bitstamp, to hand over information on at least some of its customers. The news suggests that bitcoin and other cryptocurrencies are being used in serious organised crime and terrorism, as well as domestic crime.

Is the FBI tracking cryptocurrencies?

The F.B.I. has partnered with several companies that specialize in tracking cryptocurrencies across digital accounts, according to officials, court documents and the companies.

Why do illicit groups request and receive funding via cryptocurrency?

Illicit groups routinely request and receive funding via cryptocurrency because of its anonymity, lack of trackability and inaccessibility by regulatory bodies. Even a year ago, investigators and governments struggled to identify and trace transactions on cryptocurrency exchanges.

What is asset tracing for cryptocurrencies?

Asset tracing for cryptocurrencies examines the full life cycle of a cryptocurrency account. Investigators may use software tools and traditional forensic methods to search, review and analyze the origination and transaction activity of digital wallets and cryptocurrencies across their history.