Most organised crime groups still lack access to bitcoin and other digital currencies, according to an EU investigation. The European Commission has warned that the use of cryptocurrencies is a threat to public safety in Europe. The report concluded that the minimal adoption of digital currencies by crime groups is due to the high level of technological expertise required. It added that the money laundering potential of cryptocurrencies was "moderately significant", thanks to their ability to transfer funds anonymously.
Most organised crime groups still lack access to bitcoin and other digital currencies, according to an EU investigation. Despite seeming tailor-made for use by criminals given their high levels of anonymity, the use of cryptocurrencies by groups other than hackers remains rare. The report concluded that the minimal adoption of digital currencies by crime groups is due to the high level of technological expertise required. It added that the money laundering potential of cryptocurrencies was "moderately significant", thanks to their ability to transfer funds anonymously.