FAQ?
What is the Attorney General of the UK saying about cryptocurrency?
"We are issuing a clear warning to criminals who use cryptocurrency to fuel their schemes," Deputy Attorney General Lisa Monaco said at the Munich Cyber Security Conference held in Germany.
What is the national cryptocurrency enforcement team?
The US Justice Department this week announced the launch of the National Cryptocurrency Enforcement Team to combat the criminal use of digital assets. Deputy Attorney General Lisa Monaco made the announcement at the Munich Cyber Security Conference, and appointed veteran prosecutor Eun Young Choi to serve as the inaugural director of the force.
How much cryptocurrency has been laundering?
A separate report then found that cyber crooks laundered $8.6 billion worth of dirty crypto last year, and laundering surged 30%. There's been about $33 billion in crypto laundered since 2017, primarily through centralized exchanges, according to the research firm.
What is the US Department of Justice doing about cryptocurrency scams?
The U.S. Department of Justice has announced a new division that will specifically handle cryptocurrency scams. The "virtual asset exploitation" unit will focus on analyzing blockchain and how assets are both legally and illegally extracted from it.