The criminal use of cryptocurrency
The criminal use of cryptocurrencies Cryptocurrencies have been adopted as part of money laundering schemes and are particularly associated with several predicate offences including fraud and drug trafficking. They are also widely used as a means of payment for illegal goods and services offered online and offline. Money laundering is the main criminal activity associated with the illicit use of cryptocurrencies. The growing popularity and adoption of cryptocurrencies have led to their increasing use in money laundering schemes. Other criminal activities that show an intensive use of cryptocurrencies are related to the use of cryptocurrencies as a payment method for illicit goods and services, fraudulent cryptocurrency investments and cybercrime. In all instances, criminals want to obfuscate the source of the illicit assets with cryptocurrencies. A number of indicators show how criminals involved in frauds strongly rely on the use of cryptocurrencies. Cryptocurrencies are also the mean...