Law Enforcement

Most law enforcement agencies are no fan of cryptocurrency. Silk Road, the online market place that primarily used cryptocurrency like Bitcoin as a medium of exchange, gave law enforcement only a dark perspective of the crypto and blockchain space.

Even though as of 2018, only 1% of Bitcoin transactions were used for criminal activity, and most criminals prefer to use dollars for criminal activity, law enforcement still has to deal with that 1% of of criminal activity. That is why it is a top priority of the FBBA to build good relations with the law enforcement community so that they can learn from our members how these technologies work and how cryptocurrency and blockchain are being used for good.

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