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The U.S. government has got out a forewarning to banks and other fiscal establishments to be cautious of steeping in bitcoin, saying that it could be utilized by culprits to censor plutocrat and finance illegal conditioning like dealing medicines and munitions on the dark web.

The Department of Homeland Security’s fiscal disgraces Enforcement Network( FinCEN) said in a thwack released on Monday that virtual currencies are still constantly used for lawless conditioning and that the agency will continue to cover them for signs of felonious demeanor.

Bitcoin isn't illegitimate under U.S. law, but FinCEN told it doesn't have the statutory authority to regulate or handle virtual currencies, involving bitcoin, because they aren't considered legal tender by theU.S. government or regulated by any civil department at this time.