The statement was made by the Director of the police service of the European Union.
Four-and-a-half to five billion dollars out of a hundred, obtained illegally, laundered using cryptocurrency, said in an interview with BBC Director of Europol Rob Wainwright.
“They are not in control of the Central government, so the police can’t track these transactions. Even if they determine that the transactions are criminal in nature, they can’t freeze assets, in contrast to the traditional banking system,” said Europol Director Rob Wainwright.
While it is only 4.5 – 5% of the total amount of illegal turnover, but the trend of using cryptocurrency in laundering illegally obtained money will continue to grow, confident in Europol.
Wainwright also admitted that despite all measures taken, the possibility of service in this direction continued to be significantly limited, because in most cases, the police very hard to determine who prints the money. As a rule, this moment is more than enough attackers.
It is noted that the hardest things with these crypto-currencies like Monero or zcash for. The algorithms of these cryptocurrencies significantly complicate the task of law enforcement to identify the sender or recipient of the transaction.
Wainwright believes that those who provide services to exchange cryptocurrency for cash, must show responsibility and to cooperate with the police.
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