{"id":5114,"date":"2023-10-24T20:00:39","date_gmt":"2023-10-24T20:00:39","guid":{"rendered":"https:\/\/infundpros.com\/markets\/crypto\/how-blockchain-technology-empowers-law-enforcement-in-crypto-investigations\/"},"modified":"2023-10-24T20:00:42","modified_gmt":"2023-10-24T20:00:42","slug":"how-blockchain-technology-empowers-law-enforcement-in-crypto-investigations","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=5114","title":{"rendered":"How Blockchain Technology Empowers Law Enforcement in Crypto Investigations"},"content":{"rendered":"
\n

Despite what some have been led to believe, \u201ccryptocurrency isn\u2019t the currency of choice for criminals,\u201d according to Perianne Boring, CEO of the Chamber of Digital Commerce.<\/p>\n

Writing in an opinion piece in the Wall Street Journal on Monday, Boring hit back at the accusations made by the same newspaper earlier this month that Palestinian terror group Hamas \u201chave raised millions in crypto.\u201d<\/p>\n

According to Boring, groups like Hamas, Palestinian Islamic Jihad and Hezbollah have raised money through various means, including the use of traditional banking services, hawala networks, and state funding, while crypto makes up only \u201ca small portion of that.\u201d<\/p>\n

The Chamber of Digital Commerce CEO further said that law enforcement agencies are trained to track actors that use crypto for illicit purposes, and noted that their job doing so have become easier due to the transparent nature of blockchain networks.<\/p>\n

\u201cWhile new technologies are often exploited by bad actors, they often serve as more valuable tools for law enforcement than for criminals. The blockchain makes concealing illicit funds through cryptocurrencies ineffective,\u201d Boring said, before concluding:<\/p>\n

\n

\u201cThe record must reflect that cryptocurrency isn\u2019t the currency of choice for criminals.\u201d<\/p>\n<\/blockquote><\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Despite what some have been led to believe, \u201ccryptocurrency isn\u2019t the currency of choice for criminals,\u201d according to Perianne Boring, CEO of…<\/p>\n","protected":false},"author":1,"featured_media":5115,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[],"class_list":{"0":"post-5114","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-crypto"},"yoast_head":"\nHow Blockchain Technology Empowers Law Enforcement in Crypto Investigations | inFundPros<\/title>\n<meta name=\"description\" content=\"Despite what some have been led to believe, \u201ccryptocurrency isn\u2019t the currency of choice for criminals,\u201d according to Perianne Boring, CEO of the Chamber\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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