The U.S. Department of Homeland Security statement: bitcoin is more legitimate than believed

The U.S. Department of Homeland Security statement: bitcoin is more legitimate than believed

This week, the founder of the currency gained all encryption maintenance of the mainstream view. According to the Nbc National Broadcasting Company (CNBC) reported that the U.S. Department of Homeland Security (USDepartmentofHomelandSecurity) will bitcoin described as “more legitimate than people think”.

Bitcoin is only to be used by criminals

And through the media release bitcoin illegal fraud news, will let those people who did not know that bitcoin is not legitimate. While bitcoin “untraceable” properties attract criminals, has become one of the most common arguments against bitcoin. Of course, investors don’t want to get in touch with the crowd.

But as we know, each bitcoin transactions are permanently present in the blockchain. From the law enforcement departments to my 14 year old nephew, who can see these, tracing the origin of each bitcoin. Want to transfer any money that you can get a lot of unnecessary attention.

You and I are concerned, this feature allows bitcoin to become criminals from crime to track things. Last month, Hansa and Alphabay by the government shut down. The mysterious btc-e exchange was forced to close, AlexanderVinnik was arrested.

All these showed the authorities become increasingly adept at tracking virtual data record. They know what you’re doing, they can find you. In addition, third party services, such as Chainalysis are willing to help.

A friend of mine recently received a letter from the British Crown Prosecution service. The statement said, they know he orders in the dark network market, but they will not continue to be held at this point. They are not my friend’s name, so will the statement sent to his home, but it also means that his wife can open, this may cause more trouble than law.

Obviously, it is very difficult, to provide encryption currency crime data however, the blockchain intelligence group co-founder and President ShoneAstley is ready to try. He estimates that the illegal trade has accounted for half of the total bitcoin transaction data, and last year was reduced to 20%.

According to ShoneAstley, the number of illegal trading today, has been far below this figure, and at this time, the total trading volume of bitcoin is still growing.

So, now the criminals in the use of what? Ethereum is a good choice. According to a report from Chainalysis, so far this year, criminals have received $225 million Ethernet fang. Perhaps there are more likely to be criminals of theft.

Monero due to a high degree of privacy features, making it in the dark network market is more and more popular. And Monero prices rose by nearly 1000% this year, may also be relevant.

No matter what you choose, it seems that many criminals have come to this conclusion: bitcoin trouble than it’s worth much more.

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