RATE Group | Zcash Researchers Discover Criminals Are Laughably Unskilled at Using Crypto
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Zcash Researchers Discover Criminals Are Laughably Unskilled at Using Crypto

08 May Zcash Researchers Discover Criminals Are Laughably Unskilled at Using Crypto

Posted at 01:23h in Cryptocurrency News by

A study by Rand Corporation unveiled that people using Zcash for illicit or criminal purposes in the dark web may not fully understand the underlying technology.

According to the 65-page report published on May 7, the US-based think tank and government contractor highlighted that criminals have doubts regarding the anonymity offered by Zcash.

The research highlights that the governance of Zcash and its branding as compliant with AML/CFT regulations may make it less susceptible to exploitation for illicit or criminal purposes.

However, there is one aspect that the study reveals many criminal’s perception of Zcash: market conditions, rather than specific characteristics of a particular cryptocurrency.

Bitcoin’s dominance

The report suspects that criminals choose to “go where the money is,” explicitly mentioning Bitcoin (BTC).  They note that Bitcoin has a “hegemony” and gives criminals confidence in their illicit activities, due in part to its popularity.

The study also…

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