RATE Group | ICE Reveals Cryptocurrency Intelligence Program Targeting P2P and Darknet Markets
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ICE Reveals Cryptocurrency Intelligence Program Targeting P2P and Darknet Markets

28 Feb ICE Reveals Cryptocurrency Intelligence Program Targeting P2P and Darknet Markets

Posted at 17:30h in Cryptocurrency News by

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The United States Immigration and Customs Enforcement (ICE) has revealed the existence of a Cryptocurrency Intelligence Program (CIP) in the agency’s 2021 budget proposal.

The proposal states that the CIP seeks to identify unlicensed capital flows taking place across peer-to-peer (P2P) marketplaces, online forums, and darknet markets. The CIP was developed by ICE’s Bulk Cash Smuggling Center (BCSC).

“The BCSC has developed a Cryptocurrency Intelligence Program (CIP) which identifies unlicensed money services businesses in the form of independent cryptocurrency brokers’ use of peer-to-peer (P2P) sites, online forums and classified advertisements, and darknet markets (DNM) to engage in unlicensed money services businesses (MSB) activity.”

ICE targets money laundering and opioid trafficking on the dark web

ICE states that “a large portion” unlicensed MSBs operating with cryptocurrency on darknet markets and P2P marketplaces are engaged in the laundering of narcotics…

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