In a recent analysis released by the US Department of the Treasury, it was revealed that the use of bitcoin in illegal activities, particularly human trafficking and the sexual exploitation of children, has seen a significant surge in recent years. The report, based on financial firms’ government filings from 2020 and 2021, uncovered a staggering 2,311 reported cases of crypto being used in such crimes, amounting to over $412 million.
Bitcoin ATMs Facilitate Illicit Trafficking Methods
The victims of these crimes, as stated in the report, are subjected to forced labor, slavery, involuntary servitude, and forced engagement in commercial sex acts. The use of cryptocurrency in these illicit activities has been on a sharp rise, with 1,975 reported cases in 2021, surpassing the 336 cases reported in 2020.

“Human traffickers and perpetrators of related crimes despicably exploit adults and children for financial gain,” expressed FinCEN Director Andrea Gacki in response to the findings.

Czytaj więcej

We współpracy z: https://bitcoinist.com/bitcoin-popular-for-financing-crimes-report/