During the Financial Services Roundtable's spring conference Rod Rosenstein was asked about his views on cryptocurrency and cybercrime. Apart from the answer to the question, he also referred to a cybercrime task force unveiled last week by the Justice Department.
A lot of these schemes involve bitcoin and other cryptocurrencies which do not flow through the traditional financial system. What we're working on now with our cybercrime task force is a working on a comprehensive strategy to deal with that.
Deputy Attorney General for the United States Department of Justice
He also noted that cryptocurrencies are not fully anonymous, they are, rather, pseudonymous. The laundering process leaves clues for federal investigators to follow to the source. Criminals will always leave trails. Even when dealing with cryptocurrency, criminals are going to want to convert, launder it into physical currency, and so there are ways to trace these operations.
According to him, the key element of the Justice Department's efforts is educating federal officials on how the technology works and the strategies for following such digital trails.