Catherine Cortez Masto Wants to Stop Virtual Currencies from Being Used in Online Trafficking
Online marketplaces have become a major platform to buy, sell, and advertise for illicit goods and services associated with sex and drug trafficking. Senator Catherine Cortez Masto (D-NV) wants to know more about how virtual currencies and online marketplaces are used to facilitate sex or drug trafficking. She and Senator Pat Toomey (R-PA) have re-introduced the Fight Illicit Networks and Detect Trafficking Act. This bill would require the Comptroller General of the U.S. to fully study and analyze the issue and determine how to best impede the use of virtual currencies and online marketplaces for that purpose. “Far too many illegal enterprises are using virtual currencies and online marketplaces to avoid detection when trafficking innocent women, children and illicit drugs,” said Cortez Masto. “As technological advances challenge our hardworking law enforcement, Congress must continue to find every possible way to give them the tools to fight 21st century crime.” The House passed their version of the bill, which was introduced by Congressman Juan Vargas (D-CA). More here.