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

ICU-Ghana urges workers to work hard towards full economic recovery

Mr Morgan Ayawine, General Secretary of the Industrial and Commercial Workers' Union (ICU) in Ghana, has encouraged workers...

Monaco condemn ‘unacceptable’ Singo racist abuse

The goalkeeper required 10 staples to close a cut in his face after being caught by Singo's boot when the...

Nunez scores as Liverpool sink Southampton cup hopes

Nunez ended his six-game barren run as he and Harvey Elliott scored to give Liverpool firm control in...

Akatsi South: Two young men found dead with body parts removed at Klokpui

Two unidentified young men believed to be of Fulani extraction have been found dead at Klokpui, a farming...