US Office on Drug Control: only 10% of bitcoin-transactions are related to crime


The US Drug Enforcement Administration (DEA) announced a significant decrease in the use of bitcoin in criminal activities.

As representatives of the agency noted, only 10% of all transactions are related to crime, while their aggregate volume has grown substantially.

As stated by DEA special agent Lilita Infante, over the past five years the number of legal bitcoin-transactions has exceeded the illegal ones.

“The volume of [transactions] has grown very much, their number has also increased, including in dollar terms, but in percentage terms [illegal transactions] have decreased, ” she said.

Such data, Infante said, were obtained as a result of an analysis of blockchain data, which DEA started in 2013 after it drew attention to an increase in the use of bitcoin in the cases under investigation.

As of today, she says, only 10% of transactions are related to criminal activity, basically bitcoin is more used for speculation.

Lilita Infante is also a member of the US Department of Justice’s Cybercrime Investigation Unit. The group consists of 10 people and focuses on the darknet and investigation of cases involving cryptocurrencies.

Statements that criminals choose cryptocurrency as an alternative to cash, using it for money laundering and terrorist financing, have long been heard by critics of bitcoin. First of all, this applies to representatives of central banks, who also regularly repeat the mantra about the “anonymity” of bitcoins.

The last statement, as is known, is far from the truth, moreover, as Lilita Infante says, even if less liquid coins like Monero and Zcash give more anonymity, its department is able to cope with this challenge.

“Blockchain gives us a lot of tools for identifying people. In truth, I would like that they continued to use cryptocurrencies, “she added.