(This content is being used for illustrative purposes only; any person depicted in the content is a model)
Right away, there are going to be some people reading this who (like me) love to spend more than a few hours staring at a screen, smashing buttons on a controller. Before you assume we are saying video games and opioids are the same- we are not. But what we are doing is looking at what they do have in common.
Recently, the World Health Organization (WHO) announced it would be classifying gaming disorder as an official mental health diagnosis. For years, mental health professionals have recognized behaviors they thought proved video game addiction as a serious problem. With this new stance on video game addiction, there comes plenty of controversy and contention. Some people argue that this is an unfair characterization of avid gamers, while others are truly convinced there is enough evidence to support the need for gaming disorder intervention.
So, without taking a side, let us look at the new concept of video game addiction and gaming disorder while comparing it to another well-known addiction- opioids.
WHO Decides When Gaming Is Too Much?
As of 2016, WHO has 191 member states and other countries that have been granted observance status. Despite the various differences in language, culture and medical traditions they all seem to agree on common definitions of diseases. These outlines are included in the International Classification of Diseases (ICD). WHO is an agency of the United Nations, and specializes in international public health.
According to the most recent edition of the ICD, the criteria for people who may suffer from a video game addiction include those who allow gaming to negatively impact:
- Social lives
The WHO definition of gaming disorder is pretty broad. This kind of ambiguity could lead to anyone who just spends a little too much time playing Xbox on the weekend to being labeled with a video game addiction. Thankfully, the American Psychiatric Association has proposed a set of slightly more detailed diagnostic criteria. These criteria will probably be akin to those put forth in the Diagnostic and Statistical Manual (DSM) for Internet gambling disorder. For one to qualify for that diagnosis, their gambling/gaming would create “significant issues with functioning.” Also, it would call for five of the following signs:
- Preoccupation or obsession with Internet games
- Withdrawal symptoms when not playing games
- Tolerance for gaming; need to spend more time playing to be satisfied
- At least one failed attempt to stop or cut back on playing games
- A loss of interest in other activities
- Overuse of digital games despite realizing the impairment they have caused
- Lying to others about game usage
- Using gaming to escape or relieve anxiety or guilt
- Impaired or lost relationships due to excessive gaming
According to the general consensus, video game addiction can develop at any age. However, many national studies primarily focus on kids under the age of 18.
Video Game Addiction VS Opioid Addiction
If we start by just looking at those signs of video game addiction, we can already see some parallels starting to shape up. For people who struggle with opioid abuse, signs of addiction can also include negative impacts on family, occupation, social life and education. Looking more at the break down of video game addiction symptoms, we can draw even more similarities.
One reason people use drugs is very closely connected to why they play video games- how the brain rewards them. For those with video game addiction, there are functional and structural alterations in the neural reward system. This is a group of structures in the brain commonly associated with feeling pleasure, learning, and motivation.
The same characterization can be made of opioid use. When someone addicted to opioids uses these drugs, they also experience activity in the brain’s reward system. While it may not stimulate learning and motivation in the same way, those pleasure sensors will light up with activity.
Image studies have shown that the urge to play video games activates the same brain regions that light up when illicit drug users even think about using.
Surely, we aren’t going to say that people who struggle with a gaming disorder experience the same intense and harmful withdrawal symptoms as those who abuse opioids, but we can see that withdrawal is still a common thread. According to Computer Gaming Addicts Anonymous, some of the common video game withdrawal symptoms that we often see with opioid addiction include:
- Feeling of emptiness
- Irritability or restlessness
- Sleep problems
- Obsessive thoughts
Of course, those who struggle with opioid abuse deal with a very different level of severity when it comes to withdrawal. The symptoms associated with opioid addiction are more likely to create a serious health risk than those currently attributed to video games.
For a lot of people who struggle with an addiction of any kind, there are often co-occurring issues or disorders. When you look at some of the research we find video game addiction is no different. Professor Douglas Gentile from Iowa State University has researched game addiction for several years. In one three year study of over 3,000 kids, he found that people who do develop compulsive gaming habits see an increase in:
- Social phobia symptoms
Also, rates of ADHD are very high among the population of people who struggle with what might qualify as a gaming disorder. When it comes to opioids, co-occurring issues are also very common, including depression and anxiety disorders.
Tolerance and Obsession
It is true that just like with drug use, you can develop a tolerance to video games. When once you would be content with an hour or two of playing a game to take you out of yourself for a while, over time you will be drawn more and more into spending time playing the game.
Have you ever decided to go on an all-nighter with a RPG or FPS? Some people are looking at those letters and wondering what language of nerd I’m speaking. That is ok. But for my fellow gamers, many of you probably know the feeling that there is never enough time to rack up those upgrades or find the perfect save point. Every time you say “I’ll stop after this boss fight,” only to find yourself an hour later customizing your avatar- that is the obsession.
Now while we can’t say that this obsession is always the same for everyone, it is still something to consider. Surely we should not label everyone who dedicates time to beating their high score with video game addiction. Still, when someone needs to play more and more to feel satisfied, that is the tolerance building. With opioids, this is the body needing more of the drug to get the same euphoric effect over time; or just needing it to feel “normal”.
And when you spend all day at the office thinking about what you’re going to spend all that XP on when you finally get home, the obsession might be starting to impair the rest of your life. With opioids and other drugs, this looks like spending all day planning to use or thinking about how to get more.
Innovative Addiction Treatment
At this point, gaming disorder is still a new diagnosis, so most facilities are still working on effective treatment plans. As more research becomes available, there will probably be a variety of approaches to video game addiction treatment. Still, the need for innovative addiction treatment is pretty obvious when considering an addiction that is based on technology.
For most addiction recovery programs, the idea of abstinence is a common cornerstone. Not using drugs is kind of the whole point of getting clean and sober. However, when it comes to things like internet gaming disorder, it is hard to be completely abstinent from the internet in 2018. Taking into account that fact that most people use the internet for their work, or for staying connected socially, you find it is pretty much impossible to remain offline for long. Therefore, any new ideas around cognitive behavioral therapy and psychiatry can make a big difference.
While most people know that video game addiction is nowhere near as severe as opioid addiction, we still think making these kinds of connections may help people better understand the idea of gaming disorder. Many healthcare professionals believe that one problem facing effective video game addiction treatment is the idea that it is not harmful.
When it comes to opioids and other drugs, innovative addiction treatment can be the difference between life and death. Safe medical detox is a vital part of building a stable foundation for long-term sobriety. People who struggle with addiction also need more than just a reliance on abstinence. This is why holistic addiction treatment is so important with addressing the opioid crisis in America today.
Palm Partners Recovery Center believes that personalized and holistic addiction treatment is essential to helping people struggling with drugs or alcohol to not only overcome their addictions, but to transform their lives. No matter what your addiction, you should have access to compassionate care and options for effective care. If you or someone you love is struggling with substance abuse or addiction, please call toll-free now.
CALL NOW 1-800-951-6135
Next time you are shopping around online and come across a deal on your prescriptions, take a closer look.
With the crackdown on opioids happening all over the nation, many people are finding new ways to try and get their hands on these powerful prescription drugs. Some may be illicit drug traffickers looking for a new way to get their supply and reduce the risk. Meanwhile, others may be everyday people looking for a cheaper, easier method to get their pain management medications. Either way, if you are getting your drugs online, it’s more than likely you’re breaking the law.
Online Opioid Pharmacies or Digital Drug Dealers
The internet is famous for making our lives more convenient. Whether we are shopping for new shoes, movie tickets, or even our weekly groceries, the internet has found a way to let it be a mouse click or touch-screen tap away. So of course, many would be willing to believe you could order plenty of your much-needed medications online. Yet, with a new report by the Center for Safe Internet Pharmacies (CSIP) we find most of these sales are actually illegitimate.
The report was initially released on opioid sales on the darknet. However, during the research, the CSIP found that people on both the Dark Web and “surface web” sell drugs like opioid painkillers. The distribution of these potent medications is being done through online opioid pharmacies. Nonetheless, according to the FDA:
97% of online pharmacies operate illegally
Just to break things down a little bit, let us explain two key terms.
The surface web is the portion of the world wide web as we know it that is readily available to the general public. This is where you do most of your online shopping, social media activity, and probably where you are reading this article right now.
Strangely, even though people would think that anything on the surface web is probably safer, the CSIP report states that “surface websites” actually involve higher risks for scams. For example, this would be non-delivery schemes where the site takes your money without producing a product, or credit card and identity theft.
This is the World Wide Web content that exists on “darknets”. These are networks that use the internet, but require specific software, configurations or authorization to access. The dark web forms a small part of the “deep web”, which is the part of the internet not indexed by search engines.
The Dark Web is where a lot of the internet’s most illicit activities actually happen. It is a modern digital underground.
Many of these so-called online opioid pharmacies are only click-baiting people into the illicit drug trade. In reality, these are drug-dealing websites set up to look like they simply sell prescription pills to those in need. Some even go as far as to offer prescriptions for the drugs. CSIP’s report also states that these online pharmacies will attempt to use social media platforms to advertise their products, including:
Some of these online opioid pharmacies will claim on their website that they are legitimate and legally approved. However, CSIP’s executive director Marjorie Clifton says that’s impossible for most of them. In one interview Clifton states:
“It’s absolutely illegal to buy opioids on the internet.”
Now, it is not entirely illegal to operate a pharmacy online. Clifton said that some non-opioid-selling pharmacies are legal. However, these entities do have to follow certain rules. For example:
- They must have a brick-and-mortar location
- Must be licensed in every state that they sell to
You can verify that the pharmacy that you’re buying from is legal by using tools created by the CSIP.
Not only is it risking legal action to use these illegitimate sources, it is also a serious health risk. Online opioid pharmacies may seem like an economical and efficient way to get medication, but non-certified pharmacies present significant danger because there is no way of knowing what you are getting. Clifton states:
“One, you might not get the concentration you thought you were going to get, it could be a placebo.”
“There have been cases when it’s rat poison or lead paint. So you have no idea what you’re taking if you’re not buying from a certified pharmacy.”
It is already dangerous enough for getting these medications illegally on the street. Over the years there have been countless reports of other powerful and toxic substances being pressed into forged pill forms. That risk is very real when buying drugs from an anonymous source over the internet.
Internet Associations Fighting Back
CSIP is an organization made up of representatives of companies like Google and Microsoft. Clifton says there are no ties between this tech industry collaboration and the pharmaceutical industry. The organization says it is committed to reducing harm from illegitimate online opioid pharmacies. Clifton also says that the issue of drug addiction is personally devastating, adding that several board members have lost loved ones to addiction.
So far, CSIP has removed more than 100 million ads and social media posts. The organization has effectively shut down thousands of illegal online opioid pharmacies. Many of these sites were functionally the same illegal pharmacies operating with different URL’s, but belonging to the same scammers.
Even though increased regulation resulted in a small jump in darknet sales, the vast majority of prescription drug abuse comes from prescriptions written by actual doctors. Overall, the CSIP report found that less than 5% of opioids purchased in the US came from anywhere on the internet. CSIP reports were also utilized in the Online Opioid Summit hosted by the FDA last month when top names in internet stakeholders got together with advocacy groups and other government officials to discuss the role internet companies play in combatting the opioid crisis. Most of the tech industry insists they should not be blamed for the opioid crisis.
Still, the organization is trying to play a part in eliminating online opioid pharmacies. Beyond that, we should also focus on promoting safe medical detox opportunities, along with dual diagnosis programs and holistic drug treatment options.
When we talk about fighting the spread of addiction, one thing we have to remember is to make sure people looking for help get all the information they need. Palm Partners Recovery Center believes that we should also focus on using our digital footprint to help people learn about the risks associated with substance abuse, and give them the opportunity to learn about safe and effective treatment. If you or someone you love is struggling with substance abuse or addiction, please call toll-free now.
CALL NOW 1-800-951-6135
Tomorrow morning, June 27, the FDA Commissioner Scott Gottlieb, M.D. will host a one-day Online Opioid Summit. The guest list to the summit includes:
- Internet stakeholders
- Government entities
- Academic researchers
- Advocacy groups
The aim of the event is to discuss ways to collaboratively take stronger action in combatting the opioid crisis by reducing the availability of illicit opioids online. And when it comes to the internet, there are no bigger names in America than Google, Twitter, Instagram and Facebook. There will be presentations by the Food and Drug Administration and other organizations. A webcast will be available of the Opioid Summit for the general public.
So what will the FDA, Google and the biggest names in social media have to talk about?
Online Opioid Markets
Over the past decade, opioid-related deaths have continued to climb. According to data from the Centers for Disease Control and Prevention and FDA:
- In 2005 there were around 12,900 opioid-related deaths
- In 2016 there were well over 42,000
More recent figures show that on average, 115 Americans die every day from opioid abuse. There are a few elements that have contributed to this devastating trend, including the over-prescription of painkillers like Oxycontin and an influx of heroin into the country.
So what does the place you get your sponge-bob square-pants memes have to do with opioid abuse in America?
When we’ve taken a closer look at the opioid crisis, we have discovered that illicit sales of either prescription medications, illegal narcotics or synthetics like fentanyl from overseas have found a home in online marketplaces. According to a study by Carnegie Mellon University, revenues from illicit drug sales online have grown substantially over the last several years.
- 2012- online illicit drug sales were between $15 and $17 million
- 2015- those illicit drug sales online shut up to between $150 and $180 million
The National Association of Boards of Pharmacy conducted research by searching online for prescription opioids across the three major search engines. They found that nearly 91% of the first search results led users to an illegal online drug distributor offering prescription opioids.
Needless to say, those numbers show there are still dark corners of the internet dealers exploit for drug trafficking. In fact, when Facebook CEO Mark Zuckerberg testified before Congress in April, one of the big questions he was repeatedly confronted with was how Facebook intended to fight illegal drug sales on their site. This Opioid Summit is about a collaborative effort to do better about restricting online drug sales.
While dark websites like the notorious Silk Road have been a major component to digital drug dealing, social media sites, and search engines have found their formats being abuse for these activities as well. Between illegal online pharmacies, drug dealers and other criminals the use of the internet to distribute opioids with minimized risk has steadily increased.
The Opioid Summit will address the state of the opioid crisis and invite Internet stakeholders to present how their companies are working to fight the sale of opioids on their sites and protect their users. A statement by the FDA adds:
“One critical step to address this public health emergency is the adoption of a far more proactive approach by internet stakeholders to crack down on internet traffic in illicit drugs.”
Facebook has already announced new efforts to prevent the sales of opioids through their site. The approach by Zuckerberg and his team is actually unique. Facebook users who try to buy opioids or search for addiction treatment will be redirected toward information about finding free and confidential treatment referrals. Users will also be directed to the Substance Abuse and Mental Health Services Administration National Helpline.
On the Opioid Summit agenda, there are a few important discussions, including:
This will include a brief opioid crisis overview from Donald Ashley, J.D., Director, Office of Compliance, FDA. There will also be a presentation on the DEA Internet Investigation. And different experts will present research regarding the ease of purchasing opioids online.
This discussion will include a number of presentations, including one from the Center for Safe Internet Pharmacies. Even the Vice President of MasterCard, Paul Paolucci, will be part of the roundtable.
It is important to note that only the FDA speaker presentations will be webcast to the public.
The takeaway here is that hopefully as the illicit drug market evolves, using search engines and social media to try and carve out a space for trafficking, the biggest names in internet will also be working to actively prevent these illegal industries from flourishing on their sites. Hopefully, the summit will introduce new measures to make it harder for dealers to take advantage of social networking tools. Social media is for bringing people together. Sadly, some still use it to sell the drugs that tear communities and families apart. Next, there should be more discussion about comprehensive addiction treatment.
It is important that those with the ability to reduce drug trafficking take action where they can. An even more crucial aspect of putting an end to the ongoing opioid crisis is safe and effective treatment resources. For over 20 years, Palm Partners Recovery Center has been actively helping people struggling with addiction to transform their lives and heal. If you or someone you love is struggling with substance abuse or addiction, please call toll-free now. We want to help.
CALL NOW 1-800-951-6135
Years ago if you asked the average American what fentanyl was, odds are they wouldn’t be able to tell you. Most would probably assume it was some important medical compound found only in hospitals. It almost sounds like the name of some edgy chemical you’d associate with either Breaking Bad or the Unabomber. Sadly, gone are the days of such blissful ambivalence.
Today, America has a more realistic idea of what fentanyl is.
Most adults and young people have at the very least heard the horror stories about this now intensely infamous drug. If you have a television or a smartphone, odds are you have at least glimpsed the headlines. Because in the last few years the devastation caused by this powerful synthetic drug has spread all over the country, and cost countless lives.
Using data from the National Vital Statistics System, researchers have shown an involvement of fentanyl in opioid overdose deaths has quickly skyrocketed:
- 2010- 14.3% of opioid overdoses involved fentanyl
- 2016- 46% of opioid overdoses involved fentanyl
With nearly half of opioid-related overdoses, fentanyl is now involved in more deaths than:
- Prescription opioids- 40 % in 2016
- Heroin- 36.6 % in 2016
More than one drug is commonly involved in many of these deaths. Therefore, in some cases heroin and fentanyl are both accounted for. However, we can see how fentanyl has a growing presence that can definitely be felt, as dozens of thousands of Americans are dying every year due to exposure to this deadly drug.
So if you’re still unclear as to what exactly fentanyl is, let us look at how to better understand where it comes from and why it is so lethal.
Pain Medication Origins
Some people were indeed ahead of the curve when it comes to understanding fentanyl because it has actually been around for a very long time. The synthetic opioid is used as a pain medication, and in some cases combined with other medications for anesthesia. It has been used for years by hospitals, doctors, and even veterinarians to treat patients and puppies.
- 1960- Fentanyl was first created by Paul Janssen
- 1968- Fentanyl was approved for medical use in the United States
- 2015- 1,600 kilograms/3,500 pounds of fentanyl were used globally
- 2017- Fentanyl was the most widely used synthetic opioid in medicine
On its own, the substance typically looks like a white powder. As a medicine, fentanyl is available in a number of forms, including:
- Skin patch
And it may be hard for some to believe, but it’s true that one of the deadliest chemicals on the street today can actually be found in lollipop form for medical use.
The drug is such an effective painkiller because it is typically considered to be approximately 75% stronger than morphine for a given amount. However, there are fentanyl analogs such as carfentanil (carfentanyl) which can actually be as much as 10,000 times stronger than morphine. When translated to the illicit drug world, that means fentanyl and its derivatives blow heroin out of the water when it comes to potency and risk.
As a medication, fentanyl can be useful in treating chronic pain patients when utilized correctly. Pre-surgical and post-surgical use of powerful pain management medications is sometimes a necessary step to helping patients recover. In fact, fentanyl patches are on the World Health Organization’s List of Essential Medicines, meaning it is considered one of the most effective and safe medicines needed in a health system.
Black Market Poison
Despite the seemingly altruistic intentions behind the invention of fentanyl, it has been used illicitly since the mid-1970s. Now, there are more than 12 different analogs of fentanyl that have been identified as being illegally made and used recreationally. The synthetic opioid is used through:
- Taken orally
Some people who abuse opioids do seek out fentanyl. Fentanyl is sometimes sold on the black market after being diverted from legitimate medical supplies. Recently drug manufacturers have also been accused of racketeering in order to boost sales of fentanyl. Even the gel from inside the transdermal patches may be ingested or injected. Those fentanyl lollipops have also made their way into the illegal drug trade.
But a large number of people who end up using fentanyl do it unintentionally. It has been used to adulterate or ‘cut’ heroin, and it has been pressed into counterfeit pain pills and sedatives sold on the illicit drug market. More recently there has been a rise in overdose deaths among cocaine users involving the drug, which suggests that fentanyl is being heavily cut into cocaine as well.
So why are dealers using it? To name a few reasons:
- As mentioned before, it is extremely potent
- It is easier to smuggle into the U.S.
- The drug is very cheap to produce
In China, carfentanil was not a controlled substance until March of 2017, meaning it had been legally manufactured and sold over the internet up until barely a year ago.
While it is a profitable move for drug traffickers, it is a life-threatening variable for drug users. Variations of the compound can be so strong they are incredibly poisonous. Simply breathing air with atomized fentanyl in it, or touching a contaminated surface can kill you.
Because of the massive reach of the outbreak, it is important than ever to be aware of the symptoms of fentanyl overdose. These warning signs can include:
- Difficulty thinking, speaking, or walking
- Excessive drowsiness
- Frequent fainting spells (nodding off)
- Throwing up
- Pale face
- Blue- or purple-colored lips, fingernails, or extremities
- Choking sounds
- Pupil size reduced to small black circles in middle of eyes
- Low blood pressure
- Slowed heart rate
- Difficulty breathing
- Hypoventilation (slow, shallow breathing)
- Respiratory arrest
Adding to the terrible risk of coming into contact with illicit fentanyl or one of its derivatives is that opioid overdose antidotes like naloxone are not as effective when trying to reverse the effects. Sometimes an individual will require multiple doses of naloxone to be revived, ance revived a new overdose can actually occur when the initial dose of naloxone wears off. It is critical that someone who experiences an overdose received medical treatment immediately.
The nation has been caught up in a growing opioid crisis for years now, serving a shock to the healthcare system and public health officials everywhere. As the death toll climbs and more people are suffering and dying every day it is crucial that we raise awareness and take action to address drug abuse and addiction. One of the essential tools to fighting back is effective and innovative treatment options. If you or someone you love is struggling, please call toll-free now.
CALL NOW 1-800-951-6135
Connect to the wifi and check your wallet app. Today we are talking about the crooked connections to cryptocurrency.
In a new age of electronic economics, one brand has made a lot of noise- Bitcoin. As early as 2009, when it was created, people began to stockpile the stuff. It was the first decentralized digital currency, and it has inspired thousands to risk this uncharted financial frontier with hopes of discovering a quick way to score some real-world cash from encrypted accounts. Then, just last year the cryptocurrency trend exploded onto Wall Street and ever since people have been trying to take advantage of the hype before the well runs dry. Suddenly anyone with a little extra scratch has become a cyber stockbroker.
While some have tried to cash in just to see if they can hit the crypto-lotto, others have become Bitcoin millionaires. But some of those people were actually gathering those funds through illicit means, like fentanyl trafficking.
Bitcoin for Beginners
For many of us, the whole Bitcoin thing is still a bit confusing. If some of these explanations seem oversimplified for anyone currently obsessed with cryptography, “block time” or whatever a “Merkle tree” is… I’m sorry, I guess.
Bitcoin was originally designed as being a truly free-market currency. This means without any company, country or central bank controlling its value or supply. Bitcoin takes no physical form, but actually only exists as a virtual token. Transactions are recorded in an open public ledger known as a blockchain. This peer-to-peer network avoids many risks of having a central database. But, while the transactions are typically public, the Bitcoin ownership is not.
The digital tokens are stored in a digital wallet that is only identified by a series of numbers and letters. A lot of times people using the digital wallet remain anonymous because they don’t have to provide any personal information to set up their accounts.
Because of all the freedom of Bitcoin, along with its anonymity, it became extremely useful for those involved with the Dark Web. You can read plenty more on that subject, but essentially is it another layer of the internet criminals use for conducting illicit business. One site from the Dark Web would be the infamous Silk Road.
The Future of Fentanyl Financing
Authorities say that bitcoin has helped create a new generation of criminals who buy and sell drugs online. It has become much easier for drug dealers to cover their tracks with cryptocurrencies.
Which of course leads us to fentanyl trafficking. For a long time the majority of drugs sold on the Dark Web were:
However, the sale of fentanyl is rising rapidly. Considering most fentanyl is sold online from dealers overseas, it makes a lot of sense that traffickers would rely heavily on digital money. Greg Nevano, the Deputy Assistant Director of Homeland Security Investigations states,
“You can order illicit opioids right online and have them delivered right to the comfort of your living room.”
According to CDC data, nearly 20,000 people died after overdosing on fentanyl in 2016. This is a huge contributing factor to one of the worst drug epidemics in American history.
For example, undercover investigators working for a Senate committee led by Ohio Republican Rob Portman talk about an e-mail from a fentanyl dealer with an important message for potential buyers. The fentanyl trafficker states:
“We have switched to bitcoin payments only. Now you will enjoy a 10 percent less price tag on all products,”
The email also points out:
“Good part is that paying by bitcoin you can order as much as you like with no limit.”
Ohio is suffering from one of the highest rates of fentanyl overdose deaths in the country. This particular investigation was part of a yearlong inquiry into the international supply chain that funnels fentanyl from China to homes across America. Earlier this year, the committee released a report which tracked activity on six websites offering fentanyl. That report indicated:
In each of these cases, the sites list bitcoin as the preferred method of payment. Portman himself adds,
“Because it’s anonymous, it’s the currency of choice for these drug traffickers,”
Just last fall the Justice Department shut down another illicit online marketplace called AlphaBay. In this case, the Justice Department seized around 144,000 Bitcoins, which comes out to around $48 million.
Cracking Down on Cryptocurrency
Lawmakers in Washington have come to the conclusion that cracking down on cryptocurrency is essential in order to stop the flow of fentanyl coming into the United States. Thankfully, this is one thing that officials from both sides of the aisle agree must be addressed.
Republican Senator Chuck Grassley from Iowa and Democratic Senator Dianne Feinstein from California have presented a bipartisan bill that would create explicit requirements for digital currencies to comply with laws against money laundering. Attorney General Jeff Sessions launched a task force earlier this year to specifically target fentanyl sales online.
Can We Blame the Crypto?
Meanwhile, many advocates for cryptocurrencies are not happy about these new campaigns. Perianne Boring, president of the Chamber of Digital Commerce, is one person who fights on behalf of Bitcoin, stating:
“Blaming bitcoin for this crisis would make as much sense as blaming the internet or cars that drug traffickers have to use.”
Boring’s organization is trying to help. They are part of the Blockchain Alliance, working with more than two dozen companies to help authorities combat crime.
Industry groups also reject the claim that cryptocurrency is anonymous and untraceable. They say Bitcoin users are “pseudononymous” because buying Bitcoin does require real money. Advocates insist that most users convert real cash through exchangers that do actually collect personal information. They also argue that in order to spend that Bitcoin, users will have to convert it back to real money, and that’s where law enforcement can intercept illegal operators.
Crypto-advocates also point out that cryptocurrency exchangers in the United States are also subject to federal reporting requirements and laws against money laundering. Earlier this year an industry analysis by the Foundation for Defense of Democracies found:
- Less than 1 percent of bitcoin is used for illegal purposes.
- Almost all of the illicit activity came from transactions on the dark web
However, the report also goes into detail about ways criminals can avoid regulated currency exchangers altogether. This includes using foreign converters or “mixing” sites that allow users to swap Bitcoin.
Meanwhile, new cryptocurrencies that are even harder to trace are gaining in popularity. So it would seem that as soon as the system catches up to a new digital trend, someone creates a copy and the cycle starts all over.
So can Bitcoin and other cryptocurrencies expect to be subject to new attempts at strict regulation? If so, what kind of regulations should be put in place to track digital transactions and prevent further abuse for illicit profits?
The evolution of the internet has changed how illicit drug markets work. The fight against drug trafficking is more complex than ever before, and strategies for facing drug dealing, drug use, and addiction have to evolve, too. This also means providing innovative and cutting-edge treatment options. If you or someone you love is struggling with substance abuse or addiction, please call toll-free 1-800-951-6135. We want to help. You are not alone.
CALL NOW 1-800-951-6135