How to Combat the Illegal Use of Cryptocurrency
Cryptocurrency has many legitimate uses, but it is also used in illegal transactions. It is the favorite currency on the dark web used for buying and selling weapons, drugs, hacker toolkits, for ransom payments, to name just a few. It is also used for financing terror, human trafficking and criminal operations. Due to its blockchain technology, cryptocurrency transactions are hard to trace by law enforcement agencies. However, these transactions do leave digital footprints behind that can be traced. This entails that law enforcement agencies need tools that can do much more
than analyzing internal data such as criminal records and prior cases. They need a solution that can analyze the technical details of electronic activities, online behavior, and other cyber information online, especially on the deep web and dark web.