The law enforcement agency reported that experts from the Swedish Financial Intelligence Unit (FIU) came to such conclusions after analyzing the activities of a number of unlicensed and illegal cryptocurrency service providers. According to the FIU, all illegal crypto providers were closely linked to criminal activity and systematically helped fraudsters launder illegal proceeds through digital asset transactions.
Law enforcement officials assess illegal cryptocurrency providers as a growing threat and believe that they play a decisive role in the spread of organized crime. One of the conclusions of law enforcement officials is that measures aimed at illegal crypto service providers may have a greater effect than measures aimed at directly influencing criminals. Because if the functionality is disrupted, this may affect the stability of the entire criminal system.
The security forces noted the high criminality of Bitcoin mining. With reference to the Swedish Tax Agency, data was provided on the investigation of 21 national mining companies. The FIU stated that from 2020 to 2023, these companies systematically submitted misleading or incomplete information to tax authorities in order to evade paying taxes in the amount of more than $90 million.
Earlier, the Governor of the Central Bank of Sweden, Erik Thedeen, stated that “there is no place for Bitcoin in Sweden,” and the state regulator intends to limit the penetration of the flagship cryptocurrency into the country’s financial system.
Source: Bits
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