Crime and Technologies: blockchains alarm
Last update Dec/11/2024 Note: I am not a hacker, but an ex-software programmer passionate about technology, but equally interested in understanding the 'two sides of the coin' that concerns it. In some interviews, a well-known italian magistrate stated that, unfortunately, criminal organizations are one step ahead of investigative bodies as regards to technology; thus, I deduce that it's a constant battle between the two. And since as we know, nowadays technologies are moving forward at an incessant pace more than ever, I therefore wanted to bring to attention one of the recent technologies that have made a 'qualitative leap' in money laundering from the proceeds of illegal activities: the so-called blockchains. Blockchains and Money Laundering The blockchain technology emerged as a software technology with the advent of the Bitcoin crypto-'currency', followed by the subsequent appearance of an ever-increasing number of virtual cryptocurrencies. Many of the...