Mark Mason
Well-known member
Europol Sees Criminals Moving Towards More Private Coins
The unified European police agency, Europol, is observing a “distinct shift” to cryptocurrencies that “provide a higher level of privacy.”
Jarek Jacubchek, a cybercrime analyst at Europol, pined those quotes as he went on to discuss how Monero, Zcash, and Dash have various methods of anonymity and confidentiality. Jacubchek complained that the inability of enforcement agencies to tie transactions to individuals limits their ability to identify suspects, gather evidence of criminality, and seize criminal proceeds.
Jacubchek further discussed how the use of more privacy focused coins indicates a degree of sophistication among criminals since they are required to go through multiple exchanges and currencies to achieve the highest level of privacy. He recognized that simply using cryptocurrencies isn’t inherently illegal, but feared that cryptocurrencies could be prone to use by criminals.
Read more: https://www.dashforcenews.com/europol-sees-criminals-moving-towards-more-private-coins/
The unified European police agency, Europol, is observing a “distinct shift” to cryptocurrencies that “provide a higher level of privacy.”
Jarek Jacubchek, a cybercrime analyst at Europol, pined those quotes as he went on to discuss how Monero, Zcash, and Dash have various methods of anonymity and confidentiality. Jacubchek complained that the inability of enforcement agencies to tie transactions to individuals limits their ability to identify suspects, gather evidence of criminality, and seize criminal proceeds.
Jacubchek further discussed how the use of more privacy focused coins indicates a degree of sophistication among criminals since they are required to go through multiple exchanges and currencies to achieve the highest level of privacy. He recognized that simply using cryptocurrencies isn’t inherently illegal, but feared that cryptocurrencies could be prone to use by criminals.
Read more: https://www.dashforcenews.com/europol-sees-criminals-moving-towards-more-private-coins/