U.S. Treasury: Bitcoin Not Illicit

It’s time to take “illicit activity” off the FUD dice. Earlier this month, the US Department of Treasury published reports that indicated that the use of bitcoin and other cryptocurrencies for illicit activity is far outstripped by the use of traditional assets. Critics can no longer credibly present the specter of illicit activity to beat back bitcoin; Now the foremost experts in the world say it is not a major threat.

The Treasury Department published three reports that identified key concerns for money laundering, terrorist financing and weapons proliferation financing. Here’s what each said about the use of cryptocurrencies:



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