THE DIGITAL GOLD RUSH? DEBUNKING COMMON MYTHS ON THE CRIMINAL USE OF CRYPTOCURRENCIES

A news release from Europol on 26 January was concerned with a new report which offers insights into how criminals are using cryptocurrencies today. Based on the latest operational information contributed to Europol, data collected for the EU Serious Organised Crime Threat Assessment (SOCTA) 2021 and open sources, this report is said to debunk the following myths:

Cryptocurrencies have become the payment method of choice for criminals;

The criminal use of cryptocurrency is limited to cybercrime;

Illicit funds flow straight from wallet to wallet; and

Cryptocurrencies provide anonymity. 

https://www.europol.europa.eu/media-press/newsroom/news/digital-gold-rush-debunking-common-myths-criminal-use-of-cryptocurrencies

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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