This blog is a preview of our 2024 State of Cryptocurrency Investigations Report, which was compiled using insights from our second ever State of Cryptocurrency Investigations Survey. We polled more than 800 public sector employees from around the world to learn about their perspectives on blockchain technology and their abilities to understand and investigate crypto asset activity.
In 2024, cryptocurrency adoption continues to grow, as it enables millions of people around the world to transact without middlemen and take greater control of their finances. As is the case with any new technology, though, criminals have also begun to exploit crypto for nefarious purposes. These illicit use cases beyond extend the forms of cybercrime we typically think of as crypto-native, such as ransomware and darknet markets, and include everything from intellectual property crime to conventional drug trafficking.
Due to these developments, cryptocurrency is an increasingly important topic for the public sector across law enforcement, regulatory, and military agencies. The public sector must ensure that crypto benefits constitute and that society can reap its rewards while minimizing its illicit use.
We designed the survey in our 2024 State of Cryptocurrency Investigations Report to determine how public sector employees around the world think about cryptocurrency. Here's a quick summary of our key findings:
- Law enforcement respondents said that cryptocurrency is relevant to many of their investigations, but hold mostly positive views on crypto overall.
- Latin America and EMEA respondents are the most optimistic about cryptocurrency's role in the future of financial markets, while APAC respondents have more negative perceptions.
- Respondents expect cryptocurrency to be involved with more cases across a wider variety of criminal activities over the next five years.
- Investigations of cryptocurrency-related crimes take longer than other crimes, but blockchain analysis solutions like Chainalysis aid in the evidence-gathering process.
- About half of respondents are dissatisfied with the staffing and technical resources available for solving cryptocurrency-related crime.
Download the report for the full survey results, and learn where the public sector is today in its cryptocurrency journey.
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