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US: Gov wants support on crypto-linked crime

By  |  November 27, 2018

The United States, through US Deputy Attorney General Rod Rosenstein, is seeking to gain international support in dealing with crimes tied to digital currencies.

“We must not allow cybercriminals to hide behind cryptocurrencies,” Rosenstein said at the the annual meeting of Interpol, according to CoinDesk. “In addition, fraudsters use the lure of coin offerings and the promise of new currencies to bilk unsuspecting investors, promote scams and engage in market manipulation.”

The statements from Rosenstein come as a study from the Wall Street Journal found that of 2,500 crypto-related crimes tied to Bitcoin and Ethereum, US$90 million of funds found their way through crypto intermediaries, laundered across 46 exchanges. Recovery efforts by law enforcement have been able to retrieve a bit less than US$2 million of funds.

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