According to Neglyad, cryptocurrencies are often used for criminal purposes. Digital assets have become one of the most popular ways to pay for drugs. They are also often used to launder fraudulently obtained money. In addition, Transparent Blockchain has recorded cryptocurrency payments for terrorist and extremist acts.
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“The Transparent Blockchain service helps us and law enforcement agencies to identify and analyze cryptocurrency transactions. There are already several criminal cases that have gone to trial in which this analysis has been utilized. One of the high-profile crimes solved was a contract killing paid for with cryptocurrency,” the official stressed.
Recall that the creation of a system to track cryptocurrency transactions in Rosfinmonitoring began back in 2018.