Mark Mason
Well-known member
Europol Concerned About Increasing Illicit Activities Using Cryptocurrencies
A new report by the EU-focused law-enforcement organization’s “Internet Organised Crime Threat Assessment 2018” (IOCTA) says that cryptocurrency users and exchanges are at increasing risk of “criminal abuse” by bad actors within the space.
The report cited the risk of hacking and “extortion of personal data and theft” plaguing individuals involved in the cryptocurrency space. Cryptojacking, where illicit miners are hidden in web code to maliciously mine cryptocurrencies on unsuspecting users is also on the rise; some report it to have risen just under 1000% year-over-year from June 2017 to June 2018. While the report only mentioned Bitcoin, it is beginning to be recognized that Zcash and Monero are the growing cryptocurrencies of choice for illicit activities, whereas Dash used to commonly be lumped into this group. The report also cited fears of decentralized exchanges for enabling money lauding since they do not implement AML/KYC compliance standards.
Read more - https://www.dashforcenews.com/europ...ng-illicit-activities-using-cryptocurrencies/
A new report by the EU-focused law-enforcement organization’s “Internet Organised Crime Threat Assessment 2018” (IOCTA) says that cryptocurrency users and exchanges are at increasing risk of “criminal abuse” by bad actors within the space.
The report cited the risk of hacking and “extortion of personal data and theft” plaguing individuals involved in the cryptocurrency space. Cryptojacking, where illicit miners are hidden in web code to maliciously mine cryptocurrencies on unsuspecting users is also on the rise; some report it to have risen just under 1000% year-over-year from June 2017 to June 2018. While the report only mentioned Bitcoin, it is beginning to be recognized that Zcash and Monero are the growing cryptocurrencies of choice for illicit activities, whereas Dash used to commonly be lumped into this group. The report also cited fears of decentralized exchanges for enabling money lauding since they do not implement AML/KYC compliance standards.
Read more - https://www.dashforcenews.com/europ...ng-illicit-activities-using-cryptocurrencies/