{"id":138456,"date":"2024-10-03T18:00:08","date_gmt":"2024-10-03T15:00:08","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=138456"},"modified":"2024-10-03T13:08:11","modified_gmt":"2024-10-03T10:08:11","slug":"cash-dominates-illegal-activity-not-cryptocurrency-says-new-report","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/cash-dominates-illegal-activity-not-cryptocurrency-says-new-report\/","title":{"rendered":"Cash Dominates Illegal Activity, Not Cryptocurrency, Says New Report"},"content":{"rendered":"
Despite cryptocurrencies gaining a reputation for facilitating crime\u2014particularly during the Silk Road era\u2014crime rates involving crypto have sharply declined in 2024.<\/p>\n
The report\u2019s<\/a><\/strong> co-author, Robert Whitaker, argues<\/a><\/strong> that cryptocurrencies are actually beneficial for law enforcement due to their public and traceable nature, which contrasts with cash\u2019s anonymity. The intention behind the report is to educate policymakers and stakeholders on the value of blockchain technology as a tool for lawful activities.<\/p>\n While the infamous Silk Road accounted for a significant portion of Bitcoin<\/a><\/strong> transactions before its shutdown in 2013, cash is now more frequently used in sophisticated money laundering and other illegal operations.<\/p>\n