Police need more power to fight laundering ...

Police need more power to fight laundering …

March 25, 2014

Bitcoins - Police need more power to combat virtual money laundering

Detecting suspected crimes on the Internet is more complicated with this type of payment, which uses encryption systems that make it difficult for the authorities to track them, said the head of Europol, Rob Wainwright, at a conference on nuclear security held in La Is.

One of the most illustrative examples is the case of Silk Road, the market that allowed participants to operate their accounts anonymously using bitcoins and that the United States authorities closed when it became a focus for all kinds of illegal businesses.

via Police need more power to combat virtual money laundering, according to Europol | DIGITAL LIFE | PCWorld.

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