For José Manuel Alarcón, head of the National Bureau of Fraud Investigation of the Tax Agency (ONIF) of Spain, the cryptocurrencies as bitcoin does not have positive aspects, except their anonymity. The official said that future legislation on this subject will end with this feature in the futuro.De Alarcón participated in a conference on the prevention of money laundering in which he returned to say that the cryptocurrencies are a “thing of geeks, criminals of different fur and speculators,” according to according to published local media.“The control of the cryptocurrencies is already putting on the table and when it is exercised and is carried to term, the only advantage of bitcoin, which is that anonymity is lost, and when they lose, we’ll see how it evolves,” he said Of Alarcón on the actions that you create will be made with the time in Spain.In the event, organized by the Center for Financial Studies (CEF) and the editorial Lefebvre, De Alarcon said he believes that there is ignorance in the population about how to work cryptocurrencies and that are a bridge to the money laundering. In addition, he stressed that there is currently a “bubble-quote, and the media” about them.Jose Manuel Alarcón Estella, head of the National Bureau of Fraud Investigation of the Tax Agency (ONIF) of Spain. Fuent: IEF Spain / TwitterComo alleged negative aspects of the cryptocurrencies, the tax inspector listed the time they take as a means of payment, the collection of fees and the risk of using them as a means of investment.The rapporteur is of the that believes that the technology of accounting or distributed blockchain “comes to stay”, but that bitcoin still has a complex process for the front because of two reasons: to generate “money out of nothing”, and because its price falls when it announces a external regulation.
Security and anonymity
Despite what was said by the officer on the anonymity of bitcoin and its use as a bridge to the laundering of capitals, the facts show that their approach does not consider all the edges involved.It is important to clarify at this point that bitcoin was defined in its white paper by Satoshi Nakamoto as “a system of cash electronic among equals”, as a version of the cash traditional, but that would make on-line payments that are sent directly from one party to another without going through a financial institution and with an emission-controlled. Something that differentiates it clearly from the cash that is known at a global scale and which is issued, often without control by the States.With respect to money laundering, are in the public domain studies which claim that the money in cash (like the dollar) is the first choice of the criminal groups to launder money and not the cryptocurrencies. Are precisely generated reports in Europe that show that criminals prefer to deal with cash to have to use bitcoin, for example.Even in September 2018 a exanalista of the CIA of the united States said, before the Committee on Financial Services of the House of Representatives, that the terrorists prefer cash in the cryptocurrencies.Have been, precisely, the bodies of international security who has analyzed the transactions on a public bitcoin to catch criminals. This happened, for example, in Costa Rica, in January of this year, when the local police traced transactions from BTC to catch the kidnappers. The point is that unlike bitcoin to cash as the us dollar or the euro is more anonymous, because it is more difficult to trace their origin.Another aspect that contrasts what was said by the officer is that the exchange houses of cryptocurrencies are taking steps to implement systems Know your Customer (KYC) or to minimize the money laundering. On this last aspect, one must mention the case of the criptobolsas of South Korea that they decided, in January of this year, to act in conjunction against the money laundering.It is also known in the criptoecosistema and on a global scale measures that have been taken startups dedicated to the exchange of cryptocurrencies to strengthen their processes of identification of users. So are the cases of the association of Binance with Chainalisys, ads LocalBitcoins on their processes of verification of identity, or of OpenNode to apply KYC to its users.