FBI Agent Estimates 130 Crypto Investigations Underway

in #bitcoin6 years ago

FBI Supervisory Special Agent Kyle Armstrong told the Crypto Evolved conference in New York that the agency is investigating a variety of crimes, including human trafficking, drug transactions, kidnapping and ransomware, which have a cryptocurrency component, according to Bloomberg.

We perfectly know that blockchain can be used for unlegal applications. So, if FBI develops the skill to separate "criminal blockchain" from the legal and useful ones, this can be a good thing. This can make easier for US regulators to create new rulebooks for cryptos, while exchanges are hard working for become compliant (see for example here https://steemit.com/bitcoin/@cryptoforecaster/get-prepared-for-the-entry-of-institutional-investors-in-crypto-market)

Of course, this creates a libertarian problem. Is it mindful and right to regulate free and decentralized ecosystems? If you are a trader/investor, yes, it is the right way to allow market cap to grow and bigger investors to enter.
If you are here for other things than trading profits, well, the problem is here.

You can find original article here https://www.coindesk.com/fbi-agent-confirms-130-crypto-related-investigations/

And you? What is your position? Leave a comment and let's check who is right!

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