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Preview of the 2024 State of Cryptocurrency Investigations Report
This blog is a preview of our 2024 State of Cryptocurrency Survey Report, compiled using insights from our second-ever State of Cryptocurrency Survey Survey. We interviewed more than 800 public sector employees from around the world to learn their perspectives on blockchain technology and their abilities to understand and investigate cryptocurrency activity.
In 2024, cryptocurrency adoption continues to grow, as it allows millions of people around the world to transact without intermediaries and take greater control of their finances. As with any new technology, however, criminals have also begun to exploit cryptocurrencies for nefarious purposes. These illicit use cases extend beyond the forms of cybercrime we typically think of as crypto-native, such as ransomware and darknet markets, and include everything from intellectual property crimes to conventional drug trafficking.
Due to these developments, cryptocurrency is an increasingly important topic for the public sector across law enforcement, regulatory agencies and military agencies. The public sector must ensure that cryptocurrencies benefit citizens and that society can reap the benefits by minimizing their illicit use.
We designed the survey in our 2024 State of Cryptocurrency Survey Report to determine how public sector employees around the world think about cryptocurrency. Here’s a quick summary of our key findings:
- Law enforcement respondents said cryptocurrency is relevant to many of their investigations, but they have mostly positive opinions about cryptocurrencies overall.
- Respondents from Latin America and EMEA are the most optimistic about the role of cryptocurrencies in the future of financial markets, while respondents from APAC have more negative perceptions.
- Respondents expect cryptocurrency to be involved in more cases across a wider variety of criminal activities over the next five years.
- Investigating cryptocurrency crimes takes longer than other crimes, but blockchain analytics solutions like Chainalysis aid in the evidence-gathering process.
- About half of those surveyed are dissatisfied with the staff and technical resources available to solve cryptocurrency crimes.
Download the report for full survey results and find out where the public sector is today on its cryptocurrency journey.
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