According to blockchain analytics firm CipherTrace, growth in illicit finance using cryptocurrencies is “inevitable” as the crypto ecosystem develops.
“As the cryptocurrency ecosystem grows, it’s inevitable that illicit finance will expand alongside it,” John Jefferies, chief financial analyst at CipherTrace, told Decrypt. “The growth in cryptocurrency interest creates the potential for money laundering and tax evasion,” he added.
Jefferies’ comments come in the wake of a report by Michael Morell, former director at the Central Intelligence Agency (CIA), which argued that cryptocurrencies were not widely used for criminal activity.
In the report, titled “An Analysis of Bitcoin’s Use in Illicit Finance,” Morell notes that while cryptocurrencies—like many other new innovations—have attracted the attention of bad actors, the generalizations of Bitcoin’s use in illicit finance are „significantly overstated”.
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Źródło: https://decrypt.co/66948/growth-in-illicit-crypto-finance-inevitable-ciphertrace
