The Internet Watch Foundation (IWF) is planning to work with bitcoin companies to combat the use of digital currency to pay for online child sexual abuse material.
Despite being unable to disclose specifics, Emma Hardy, director of external relations at the IWF, confirmed conversations with bitcoin exchanges were in the "early stages".
The announcement follows the publication of IWF's annual report, which noted bitcoin was being increasingly used by paedophiles to purchase sexually abusive imagery featuring children on the open web.
In its report, the IWF said it received 37 reports of child sexual abuse websites accepting bitcoin between January and April last year. The illicit websites, which appeared as separate folders on legitimate websites, were distributed via spam emails following a hack.
Bitcoin as a criminal tool
The news comes amid the publication of various Europol reports which noted that bitcoin was increasingly being used by criminals.
A study, produced by Europol's EC3 cybercrime centre in February this year, shed new light on the commercial sexual exploitation of children online, while providing evidence that individuals with a sexual interest in children were becoming more entrepreneurial.
In March, Europol released an additional report which said digital currencies were increasingly serving as a money laundering platform for "freelance criminal entrepreneurs operating on a crime-as-a-service business model".
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.