FBI officials have proposed using cryptocurrencies to pay informants more efficiently as part of an evolution in payment strategies. However, the Inspector General’s report for the U.S. Department of Justice, published in October, states that this practice is not covered by the FBI’s current guidelines except in exceptional cases. Cryptocurrency payments are not fully anonymous because transactions recorded on the blockchain can be analyzed to identify participants. The Department of Justice must therefore assess the risks of diversion, traceability, financial reporting requirements, and harm to the FBI’s operational integrity before authorizing such payments.
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Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
