Report on virtual currencies

Not later than 1 year after the date of enactment of this Act, the Attorney General, in consultation with the Secretary of the Treasury and the Secretary of Homeland Security, shall submit to Congress a report on the use of virtual currencies in the distribution of opioids through illicit marketplaces on the dark web, which shall include— (1) a summary of how virtual currencies are— (A) used to finance transactions involving the distribution of opioids through illicit marketplaces on the dark web; and (B) exchanged in the course of transactions described in subparagraph (A), including transactions involving— (i) peer-to-peer networks; (ii) virtual currency; (iii) money transmitters; or (iv) other financial institutions; (2) the number of instances involving the distribution of opioids through illicit marketplaces on the dark web in which an individual involved used a virtual currency to finance the distribution; (3) the most common types of virtual currencies used by individuals involved in the distribution of opioids through illicit marketplaces on the dark web; (4) an assessment of the capacity to investigate the use of virtual currencies in the distribution of opioids through illicit marketplaces on the dark web, including— (A) efforts to assist financial institutions in detecting, identifying, and reporting suspicious activity and money laundering; (B) efforts to obtain financial records and other documents from virtual currency operators and exchanges; (C) training and guidance to Federal, State, Tribal, and local law enforcement agencies and prosecutors; and (D) coordination and collaboration with international partners; and (5) recommendations for additional congressional or legislative action that would improve the efforts of Federal agencies to detect, disrupt, and dismantle illicit marketplaces on the dark web, including efforts to identify individuals using virtual currencies in the distribution of opioids through illicit marketplaces on the dark web.