[ad_1]
According to the newly released Chainalysis blog, unlike public opinion, organized crime groups have adopted an encrypted currency because they believe that they are more efficient and fast and imagine that it provides her with no identification. However, they have a limited intention or experience for any advanced strengthening of their financial paths.
One of the biggest reasons that made criminal groups resorted to the use of Crypto is that it provides limitless rapid payments, allowing their networks to transfer money worldwide without delay or risks associated with traditional banking systems.
Why do criminal groups really use encryption
Mexican cartoon is one of the increasingly criminal groups there that benefit from the advantages of Crypto. They have been observed using Crypto to push Chinese suppliers to fentanel sects, and to take advantage of low transaction fees and instant transfers.
Many of these criminals work on a common belief that encryption facilitates not to disclose his financial identity. It is actually a wrong belief, because every one procedure, not intentionally, happens on Blockchain available to anyone who has knowledge that must be seen.
Ironically, this wrong belief was leading adoption, especially among groups such as Cartels and Wildlife Trailers who are said to use them often without advanced privacy tools.
The fact that many of these bad actors have recently used encryption that they prove that they use them more because they are not bound by borders and simplifying the financial operations of illegal activities, instead of thinking that it gives not to disclose his identity.
According to a reportThis is why organized crime that benefits from encryption is often not developed. Compared to state -backed Internet criminals such as North Korean infiltrators who use advanced defecation methods such as mixers or coins for example, traditional organized crime groups exceed their business without covering their paths.
These criminals often use the stock exchanges of cash roaming, an act that offers their money to the KYC platforms. A good example of this washing associated with carmel who convey the revenues of fentanel through CEX accounts, which leaves clear tracks on the chain.
It has also been observed that most groups adhere to widely available cryptocurrencies like Bitcoin or Stablecoins, and choose to avoid privacy currencies because of their complexity in making limited things or liquidity.
The main focus always focuses on scaling instead of evading detection because the unlimited Crypto nature allows them to reach the global customer bases.
It is actually good news for law enforcement
The shameful use of encryption by the organized crime groups for nefarious purposes, as it does not try to hide them, creates different chances of law enforcement.
As we mentioned earlier, almost every procedure that occurs on Blockchain can be tracked because it works like a fixed professor’s book. This means that investigators can track transactions in actual time and draw a map of criminal networks across the border, which was almost impossible to do with traditional banking services.
The fact that criminals also depend on CEXS, which corresponds to the Kyc/AML regulations, can also help the authorities to identify and freeze assets as well as collecting intelligence outside the chain. A good example of this is when the co -founder of the professor’s book was kidnapped and investigators were able to track and seize all ransom boxes.
Unfortunately, while Blockchain provides ways to track transactions, the application of law faces challenges because of his limited experience in Blockchain, as Crypto has not yet passed.
While training can help more officers determine the overlapping of cases, a broader accreditation is needed to properly benefit from transparency encryption offers.
Blockchain’s mastery will also encourage and help pre -emptive tracking, allowing law enforcement to disrupt criminal networks before their crimes are escalating. It is very important that this happens quickly because criminals may eventually start employing more sophisticated techniques before the campaign efforts become sufficiently coordinated.
Cryptopolitan Academy: Tired of market fluctuations? Learn how Defi can help you build a fixed negative income. Score
