Submit 1,500 reports against digital currencies during the month in the United States alone
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
#introduceyourself/#introducemyself
The “introduceyourself/introducemyself” tag is for creating one introductory post that tells us about you. Users are encouraged to use this tag exclusively for that, and not to reuse it.
More information:
The Game of Tags
This post has been flagged for tag spamming after multiple warnings.
Please use relevant tags when you post your article.
The Introduceyourself tag is meant to be used once only to introduce yourself to the Steemit community. You have now posted 9 times using the introduceyourself tag and have now been notified 4 times Please see this link from @bycoleman for more information on Tag Spam?
This bot will continue to downvote any further posts in this tag. Please find a more relevant tag to insure your posts are properly categorized. Let's build a great platform with quality content properly tagged.
Great information it's first time to hear about thank you so much
thank you please follow me
Welcome to Steemit linkatak. Let me know if you got any questions about Steem or anything related to it! The official FAQ can be found here and has A LOT of information https://steemit.com/faq.html - Also remember, Steemit is just ONE of the sites built that uses Steem the blockchain. We also have DTube - our very own Youtube, DSound for Soundcloud and Steepshot if you prefer Instagram like experience. I'd also like to mention ChainBB - forums, Busy - Steemit with more modern look basically, DMania for memes and Dlive for streaming just like in Twitch! You can also earn Steem by gaming now! Search for Steemgar if that's more your thing. Welcome to the blockchain! :)
thank you please follow me
Welcome to Steem, @linkatak!
I am a bot coded by the SteemPlus team to help you make the best of your experience on the Steem Blockchain!
SteemPlus is a Chrome, Opera and Firefox extension that adds tons of features on Steemit.
It helps you see the real value of your account, who mentionned you, the value of the votes received, a filtered and sorted feed and much more! All of this in a fast and secure way.
To see why 3374 Steemians use SteemPlus, install our extension, read the documentation or the latest release : SteemPlus 2.20: Utopian + SteemPlus Partnership = Bigger upvotes.
we find these numbers a little worrying.
Your topic is very important Thank you brother for this useful report.