Criminals in Italy and Germany increasingly using cryptocurrencies

Date:

Share post:

Criminals in Italy and Germany are increasingly making use of cryptocurrencies, according to the customs directorate in Bonn.

“The use of cryptocurrencies for online payment in the context of criminal offences is clearly on the rise,” the directorate said in a statement.

According to investigators’ findings, in most cases the perpetrators use Bitcoin and the currency Monero.

Cryptocurrencies are used in the context of criminal offenses to completely anonymize ordering and shipping procedures for illicit products or services.

In Italy, organized crime has also discovered cryptocurrencies in recent years.

For mafia organizations, anonymity and quick transactions are advantages, which is why they use these payment methods, according to the Italian DIA anti-mafia police.
Mafiosi especially use digital currencies in drug trafficking.

Neither German nor Italian police authorities provided precise information about operations, sums or damage.

Related articles

Effutu records 300 suspected cholera cases, 29 confirmed, two deaths

The Effutu Directorate of the Ghana Health Service has confirmed 29 of the 300 suspected cholera cases with...

Canada vows swift retaliation to ‘unjustified’ Trump tariffs

Canada will give a "firm and clear" response to the latest trade barriers planned by US President Donald...

‘Bayern stars desperate to make up for lost season’

Bayern Munich's club motto is not meant to come across as arrogant. Translated into English it means: "We...

A rivalry of our times – why Man City & Real are fighting for their lives

Real Madrid v Manchester City in a Champions League knockout match. It is becoming a classic rivalry of...