Interpol Event to Discuss Bitcoin's Role in Illicit Asset Trade

Bitcoin and digital currencies are said to be an area of focus during an upcoming conference organized by Interpol.

Nov 16, 2015 at 9:15 p.m. UTC
Updated Sep 11, 2021 at 11:59 a.m. UTC

A spokesperson for India’s Central Bureau of Investigation (CBI), its top law enforcement agency, has revealed bitcoin and digital currencies will be an area of focus during an upcoming conference organized by Interpol to be held in India.

Running from 17th to 19th November, the sixth-annual Global Focal Point Conference on Asset Recovery will more broadly focus on fighting corruption and financial crime.

According to statements from Interpol, measures to be discussed will include a new global police alerts system that would help global agencies better trace and recover stolen assets.

However, a new report by The Economic Times indicates that the CBI has said digital currency and its role in facilitating trade on the dark web will be discussed. While not quoted directly, CBI spokesperson Devpreet Singh reportedly said the technology has caused concerns among law enforcement agencies for its growing use in cybercrime.

The conference is organized by Interpol as well as the Stolen Asset Recovery Initiative, a partnership between the World Bank and the United Nations Office on Drugs and Crime established in 2007.

Interpol has emerged as one of the more active law enforcement organizations looking at illicit use cases for digital currencies. To faciliate study the technology, Interpol created its own digital currency and held the first of a planned series of training session on the subject in August.

Most recently, Interpol announced it would work with Europol, the European Union’s top law enforcement agency, to investigate crimes involving digital currency usage.

Image credit: Rangzen / Shutterstock.com

The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

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. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
Bitcoin lucha por mantener el soporte en $27K-$30K

BTC está en una zona de soporte positiva, aunque el impulso a largo plazo sigue siendo débil.

BTC está en una zona de soporte positiva, aunque el impulso a largo plazo sigue siendo débil.

2
Diana Sinclair: People Aren’t 'Ready to Hear' About Inequities in the Metaverse

Web 3 can open up opportunities for marginalized groups, but it's not a silver bullet, says one leading NFT artist ahead of CoinDesk's Consensus festival.

Web 3 can open up opportunities for marginalized groups, but it's not a silver bullet, says one leading NFT artist ahead of CoinDesk's Consensus festival.

3
Biden Administration Wants Crypto Exchanges to Separate Customer and Corporate Funds

Federal officials saw Coinbase’s admission about customers’ vulnerability in a bankruptcy and will call for congressional action to segregate clients’ funds, source says.

Federal officials saw Coinbase’s admission about customers’ vulnerability in a bankruptcy and will call for congressional action to segregate clients’ funds, source says.

4
Crypto News Roundup for May 18, 2022

With bitcoin sliding back below $30,000 in sync with U.S. stocks, plus a look at the early fallout from the collapse of UST, CoinDesk’s Markets Daily is back with the latest news roundup.

With bitcoin sliding back below $30,000 in sync with U.S. stocks, plus a look at the early fallout from the collapse of UST, CoinDesk’s Markets Daily is back with the latest news roundup.