While the crypto sector attracts an increasing number of users with bad intentions, a US Drug Enforcement Administration agent hopes criminals to use Bitcoin for a smart purpose.
In an interview for Bloomberg on 7 August, Lilita Infante, a member of the 10-person Cyber Investigation Task Force, has claimed she “wants” criminals to use digital assets because that’s how the authority will identify them more easily. Infante announced the department has “a lot of tools” aimed to track criminal operations due to Blockchain.
“The blockchain actually gives us a lot of tools to be able to identify people,’’ she said. “I actually want them to keep using them.’’
The most controversial cryptocurrency- Bitcoin, has attracted numerous criticisms regarding the criminal activity, whether we are talking about drug dealers or crypto hackers. Experts have stated several times that the authorities should do something to tackle the issue of digital assets application for dirty purposes in particular to provide a high level of public security.
Surprisingly, after reporting recent DEA investigations, Lilita Infante has stated that the number of illegal crypto transactions has fallen from 90% in 2013 to 10% in this year.
On the other hand, the agent noted that the number of transactions per total increased considerably over the years.
“The volume has grown tremendously, the amount of transactions and the dollar value has grown tremendously over the years in criminal activity, but the ratio has decreased,’’ Lilita Infante explained during an interview held at her office in Weston, Florida. “The majority of transactions are used for price speculation”.
Regarding the link between altcoins, especially Monero and Zcash with criminal activity, Infante commented that even these will not get rid of the judgment.
“We still have ways to track them,” she exclaimed.