Europol and Interpol Partner to Fight Digital Currency ‘Abuse'
Europol and Interpol have agreed to work together on issues related to the criminal use of digital currencies.
Oct 5, 2015 at 5:50 p.m. UTC
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindeskuat/7LEV4VTHSFDAHBA6WZIW4VBGCI.jpg)
Europol and Interpol have agreed to work together on issues related to the criminal use of digital currencies.
The partnership became official during this year's Interpol – Europol Cybercrime Conference, an annual gathering of international law enforcement officials, held in The Hague. The event, Europol said, drew more than 350 attendees.
According to a statement from Europol, the partnership will see coordination "against the abuse of virtual currencies for criminal transactions and money laundering".
said:
Other organizations have been invited to join, according to the statement.
The announced partnership comes on the heels of a Europol report that asserted bitcoin could become a common currency for criminals in the European Union. In the past, the agency has pointed to digital currencies as a driver of the "crime-as-a-service" business model.
STORY CONTINUES BELOW
Interpol has long worked on digital currency related initiatives, including the development of its own cryptocurrency and the launch of a war game series geared toward law enforcement.
Image via Shutterstock
:format(webp)/downloads.coindesk.com/arc/failsafe/user/1x1.png)