Sign up for The Paypers newsletter Follow The Paypers on LinkedIn Follow The Paypers on Twitter Follow The Paypers on Facebook Follow The Paypers on Google +
The Paypers, paypers, Insight in payments, News, Reports, Events
 advertisement
Cryptocurrencies

Europol states that Bitcoin may become the go-currency for cybercriminals

Thursday 1 October 2015 | 11:04 AM CET

Europol has revealed in a new report that it believes Bitcoin could become the go-to currency for digital criminals in the region.

The report focuses on the topic of Bitcoin and digital currencies in a number of contexts, including the state of criminal financing and specific elements of illicit activity involving the technology.

Europol said that, according to its data, Bitcoin accounts for as much as 40% of criminal-to-criminal payments online, with PayPal accounting for 25% of those reported.

The report recommended that law enforcement officials work to pursue investigative and research opportunities related to emerging technologies such as decentralised marketplaces in conjunction with the private sector and applicable academic sources.

Europol went on to encourage broader cooperation between law enforcement agencies on digital currencies, and further suggested that agencies monitor the alternate payment community for further intelligence into payment mechanisms.

More: Link
 advertisement
 advertisement
 advertisement
 advertisement