Mark Mason
Well-known member
DEA Agent: Privacy Coins Lack Liquidity and There Are “Ways of Tracking Them”
According to an agent for the US Drug Enforcement Agency (DEA), Bitcoin is used more than its more private competitors due to its higher liquidity.
Speaking on the shift in the most common purpose of cryptocurrency transactions, DEA special agent Lilita Infante said that cryptocurrency has shifted from primarily used for illicit means to a majority speculative purpose. Additionally, according to Infante, the vast majority of illicit transactions are still done in Bitcoin, rather than coins such as Monero and Zcash with enhanced privacy features. This is reportedly because of significantly lower liquidity for these coins.
Read more: https://www.dashforcenews.com/dea-a...iquidity-and-there-are-ways-of-tracking-them/
According to an agent for the US Drug Enforcement Agency (DEA), Bitcoin is used more than its more private competitors due to its higher liquidity.
Speaking on the shift in the most common purpose of cryptocurrency transactions, DEA special agent Lilita Infante said that cryptocurrency has shifted from primarily used for illicit means to a majority speculative purpose. Additionally, according to Infante, the vast majority of illicit transactions are still done in Bitcoin, rather than coins such as Monero and Zcash with enhanced privacy features. This is reportedly because of significantly lower liquidity for these coins.
Read more: https://www.dashforcenews.com/dea-a...iquidity-and-there-are-ways-of-tracking-them/