Criminals were behind roughly 90 percent of all bitcoin transactions five years ago – a figure that has now declined to 10 percent. That’s according to Lilita Infante, a special agent from the U.S. Drug Enforcement Administration who spoke to Bloomberg about changing trends in the relationship between the cryptocurrency and criminal activity. “The volume has grown tremendously, the amount of transactions and the dollar value has grown tremendously over the years in criminal activity, but the ratio has decreased. The majority of transactions are used for price speculation,” Infante was quoted as saying. Despite the shift from criminal use to investment and trading, though, the total volume of criminal bitcoin transactions has still increased over the years as dark market activity has grown. It’s just that the proportions have effectively swapped, according to Infante. In fact, given this rapid growth in interest for the different use cases of cryptocurrency, U.S. law
Like this article? Take a second to support us on Patreon!