Crypto Crime Fighting Becomes Mainstream as Law Enforcement Agencies Embrace Blockchain Tracing
In the Wednesday edition of Fortune Crypto, Leo Schwartz discusses the current state of policy and regulation in the crypto industry. Despite ongoing debates in D.C. about the efficacy of blockchain technology, law enforcement agencies have found success in using blockchain tracing to bust crypto crime. A new survey from TRM Labs found that over 40% of offenses investigated by law enforcement agencies involved cryptocurrency, with the number expected to rise to 51% by 2027. While the industry awaits the approval of a BlackRock-sponsored Bitcoin ETF, blockchain analytics remains one of the few clear applications for crypto in the coming year.
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