The US Immigration and Customs Enforcement (ICE) agency has seen "a substantial increase" in cases involving digital currencies in the drug trade, an official told Congress yesterday.
The comment was made by Matthew Allen, an assistant director for one of the Department of Homeland Security’s (DHS) investigative arms, speaking during a House of Representatives hearing on opioid abuse, according to published remarks dated 21st March.
Homeland Security Investigations, or HSI, uses blockchain analysis to track digital currency payments connected to the heroin and fentanyl trades, according to Allen. And while the agency told the US Senate in a late 2013 statement that it was working to investigate criminal uses of the technology, his statements represent some of the first disclosures as to how it conducts those operations.
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These guys just find any reason to complain..
Criminals will always find innovative ways to get around the law.