Europol warns criminal crypto use growing more sophisticated

Europol has warned that the use of digital assets for criminal activities has become more sophisticated. This development was communicated by Burkhard Mühl, the head of Europol’s European Financial and Economic Crime Centre (EFECC). He made these comments at the just-concluded Global Conference on Finances and Crypto Assets. The event was organized jointly by Europol, the Basel Institute on Governance, and the United Nations Office on Drugs and Crime (UNODC). During the event, Mühl mentioned that the misuse of digital assets for criminal activities has become widespread and more sophisticated while pledging continued investment from Europol to support member states in complex and international investigations. “Investigating these crimes places a significant burden on the law enforcement agencies of EU member states,” he said. Europol raises alarm over misuse of digital assets for criminal activities The conference focused on the ways that digital assets and blockchains have evolved and how scammers...

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