criminal use – DIGIT INFO

Rising crypto crimes in Australia prompt call for tougher regulations

DIGIT — Mon, 15 Jul 2024 07:01:16 +0000

AUSTRAC’s latest report highlights a rise in criminal use of cryptocurrencies, urging stricter regulations and international cooperation to combat money laundering.

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US Senator Requests Government Agencies Step Up Efforts to Prosecute Criminal Use of Cryptocurrencies

DIGIT — Fri, 17 Sep 2021 18:00:44 +0000

U.S. Senator Margaret Hassan has requested that government agencies take “additional targeted steps to prevent and prosecute the use of cryptocurrency for criminal purposes.” She expressed her concern over “the rise in the use of cryptocurrency for criminal purposes.” US Senator Requests Agencies Take Steps to Prevent and Prosecute Use of Crypto for Criminal Purposes […]

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Crypto Crime Fell Sharply to Only 0.3% of All Cryptocurrency Activity in 2020

DIGIT — Sat, 23 Jan 2021 15:45:47 +0000

A study by blockchain analytics firm Chainalysis finds that cryptocurrency-related crime has fallen significantly. The criminal share of all crypto activity fell to just 0.34% in 2020. This contradicts recent statements by U.S. Treasury Secretary nominee Janet Yellen and ECB President Christine Lagarde that cryptocurrencies are mostly used for illicit financing. Crypto Crime Plummeted in […]

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