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Europol Criticizes Bitcoin Mining, Says It Attracts Criminal Actors
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The European law enforcement agency Europol issued a critical report on June 10, targeting Bitcoin miners and layer-2 blockchain solutions. The Europol Bitcoin mining stance dwells on the concern that mining operations could be used to conceal illegal proceeds, making them attractive to fraudsters and ransomware operators.
In a comprehensive 40-page report on cryptographic encryption, Europol expressed concerns about the challenges posed by Bitcoin mining and layer-2 solutions to law enforcement investigations.
Europol highlighted that criminal actors can exploit mining operations to obscure illicit earnings and, in some cases, even generate additional profits for themselves.
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