October 1, 2017
Everyone involved in the world of Bitcoin and cryptocurrency will readily agree there are plenty of challenges ahead. While most of the opposition comes from external forces, the currencies themselves are not exactly perfect either. While most people won’t like to admit it, Bitcoin, Ethereum, and most other currencies are not exempt from criminal activity. The FBI certainly has its hands full in this regard; that much is certain.
Criminal activity is often associated with Bitcoin and many other cryptocurrencies these days. While not all of these claims are entirely true, it is evident there are a lot of incidents which do require a second glance. This is a bit of a problem for the FBI right now, as the law enforcement agency is currently attributing nearly 75% of its time to money laundering cases involving digital currencies.
That in itself is a pretty problematic development, although it is not entirely surprising. Moreover, this begs the question as to how many money laundering cases the FBI is actually investigating right now. Digital currency is still a very niche market at best and doesn’t even come close to regular money laundering cases involving traditional payment methods.