RATE Group | Legal Bitcoin Trade Massively Exceeds Illegal Use, According to US DEA
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Legal Bitcoin Trade Massively Exceeds Illegal Use, According to US DEA

08 Oct Legal Bitcoin Trade Massively Exceeds Illegal Use, According to US DEA

Posted at 14:46h in Bitcoin News by

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Bitcoin has officially left behind all negative connotations relating to its use for funding illegal and criminal activities. One of the most reputable authorities in the field of investigating such activities, agent Lilita Infante of the US Drug Enforcement Administration, has recently shared the agency’s findings in an interview with Bloomberg.

Crime Investigators See Decline in Illegal Use of Bitcoin

Agent Lilita Infante has been following the connection between trafficking and the blockchain technology since the early days of the Bitcoin. Five years ago, 90% of the total volume of Bitcoin transactions on the market was connected with illegal activities. Now, this volume has shrunk to 10%, meaning that the massive majority of Bitcoin transactions are legal, between investors and speculators.

That is not to say that criminals have stopped using cryptocurrency altogether. The Cyber Investigative Task Force agent Lilita Infante belongs to, still identifies significant…

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