- The Spanish Police made the determination to go after the thieves who move with cryptocurrencies and for that reason incorporated blockchain to fight drug trafficking.
- Authorities in Spain, Gibraltar and Morocco invested $115,000 in “surveillance technology.”
- The use of blockchain technology will collaborate and allow the authorities to track cryptocurrencies that “are being used to finance drug deals.”
For years, cryptocurrencies have been associated, according to the perspective of the authorities, with illicit activities. Its difficult tracking is a complication for world leaders who are quick to use that label. Although this statement is not true, it is true that some criminals use digital assets, such as fiat money, of course, to launder their operations.
The Spanish Police made the determination to go after the thieves who move with cryptocurrencies and for that reason incorporated blockchain to fight drug trafficking. As published by the national media outlet El Español, replicated by cryptonewsthe authorities that control the Strait of Gibraltar, which are the waters that connect Spain-Gibraltar-Morocco, made an investment of $115,000 dollars in “surveillance technology”.
From your perspectivethe use of the blockchain will collaborate and allow you to track cryptocurrencies that “are being used to finance drug deals”, as they claim. The detectives, who were satisfied with this new implementation, are in charge of analyzing “electronic evidence related to criminal acts”.
These are being formed in “how to retrieve and manage” digital assets used in crimes. In turn, they are also educated in “advanced knowledge of how cryptocurrencies are used in money laundering processes“.
Technology to fight criminals
From the Spanish Ministry of the Interior they assure that it is important and necessary to add different technological systems to update. This assumes that the figure of 115,000 dollars could grow in the short term. It will also largely depend on the results achieved, if they are positive, possibly the injection of euros will be greater.
The news of the investment comes after a police operation was carried out in June in which two drug trafficking networks were dismantled. The criminals tried to cross through the Strait of Gibraltar tons of marijuana and cocaine, which were hidden in boxes of fruit (tomatoes, watermelons and melons).
As often happens in these cases, local police officers and customs officials were part of the “business.” More than 60 people were arrested in 30 raids. It is believed that the payments for the “favors” were paid through cryptocurrencies. This will have to be resolved by the Justice.
In February, the Police deactivated another drug cartel, which is believed to have used cryptocurrencies to launder the money that came to them through the sale of narcotics. The hypothesis, without the corresponding elements and trained personnel, was very difficult to test. That is why we began to educate the agents as well as incorporate the appropriate material for each of these cases.
Spain is one of the countries that is behind a bill to regularize cryptocurrencies and investment in blockchain means a good step. The results are expected in the short term.
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