He said the bank is concerned bitcoin might be used for fraud or
other illegal activities like terrorism, money laundering, prostitution, drug trafficking.
The natural richness and potential of Oostpunt since 1993 is under huge stress due to natural deterioration, and rampant
illegal practices such as spear fishing, plundering of baby conch, lobsters and the capture of sea turtles and rays, poaching of goats / sheep and donkeys, while a variety of
other criminal
activities savagely take place in the area,
like car theft and stripping, the smuggling of drugs and people, trash dumping, etc..
CryptoUK will work with the UK on issues
like preventing Bitcoin (BTC) and cryptocurrencies from being used in money laundering and
other illegal activities, but will not deal with ICO regulation.