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US Deputy Attorney General: Justice Dept developing strategy on cryptos and no, they are not anonymous

Deputy Attorney General of the United States Rod Rosenstein has answered some inquiries yesterday after the meeting of the organization called Financial Services Roundtable. He rejected the ideas on how cryptocurrencies are completely anonymous and thus prevent the law enforcement from ever finding the criminal syndicates. This concept is becoming more widespread as the awareness of the public is growing over time.

Mr. Rosenstein implies that there are always some clues left behind no matter which cryptocurrency is being used. This partly contradicts the recent statement of Europol expert about some altcoins being the efficient tool of malefactors.

The Deputy Attorney General also adds that the Department of Justice was now developing a new task force dedicated to inventing and using “a comprehensive strategy” to counter financial crimes connected with digital currencies. Furthermore, this task force is going to educate American officials on the topic and will contain members of the FBI, the Marshals Service and the Drug Enforcement Agency.

27-02-2018 21:00:00  |   Regulation

The latter organization is needed in the task force likely due to the fact that many drug dealers are now selling the illegal substances with the use of cryptocurrency. This is the main reason Bill Gates thinks that digital currencies are rather bad and, in his opinion, do not actually help improve the world as some enthusiasts might think.

Image courtesy of Andrew Harrer/Bloomberg

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