The FinCEN Financial Crime Enforcement Network in the United States reported that on average this month it received about 1,500 reports against and illegal use of digital currencies.
These reports are generally from companies operating in the digital currency sector, which are exposed to more and more suspicious activities every day. Not surprisingly, the number of reported crimes is increasing. Ultimately, this is normal. The higher the popularity of digital currencies, the higher the rates of electronic crimes associated with them as well.
This report was reported by FinCEN Director Kenneth Blanco. Speaking at the Chicago-Kent Block Tech conference this year, he noted FinCEN's efforts to streamline the sector, saying:
"FinCEN rules apply to all transactions involving the transfer of funds - including the acceptance and transfer of the value that replaces the currency, which of course includes digital currencies. Where our regulatory regulations cover the transactions in which currencies are traded against digital transferable, in addition to trading from digital currencies to other currencies "
Here, Blanco notes that although digital currencies are virtual, they are still under the regulatory network. Therefore, those who report currency-related crimes to FinCEN do the right thing. At the same time, this encourages others to do the same.
Numbers are alarming
The reports are very exciting. Where 1,500 reports a month means that there are 18,000 reports a year, 49 reports per day, and that's only in the United States alone. Is this a sign that the digital sector is now saturated with crime, piracy and theft? How can the sector remain in equilibrium with many daily attempts to distort it?
Of course, we do not know the nature of these reports, especially since Blanco did not disclose these reports. However, this information will be available soon enough through an official report from FinCEN. Apart from all this, when looking at the long run, we find these numbers a little worrying.
Source
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we find these numbers a little worrying.
Your topic is very important Thank you brother for this useful report.