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Europol: criminals hide billions of pounds in crypto-currencies

Rob Wainwright, the head of the European Union’s police service called Europol, described the 3-4 billion pounds that criminals hide in crypto-currencies. It’s just about money in Europe.

According to Weinrait, the problem is becoming more widespread. Banks and governments can not control the conducted transactions crypto-currency, therefore it is difficult to track funds. Large amounts of tokens are broken into small ones, they are sent to different purses, and it is extremely difficult to track the origin of the funds.

Crypto currency is based on blocking technology, which ensures high security of transfers. The most popular crypto currency, bitcoin, stands at $ 8,700 per unit. Because of the absence of regulators, crypto-currencies are subject to strong fluctuations in rates.

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