Cryptocurrency

With Crypto Scams on the Rise, Legislators Debate Regulations

Cryptocurrency scams are on the rise, and will become even more prevalent in 2022 according to security firm Lookout. That prediction is supported by data from the U.S. Federal Trade Commission, which found that from October 200 to May 2021, consumers reported losing more than $80 million to cryptocurrency scams—an increase of nearly 12 times…
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Cryptocurrency

DOJ Announces National Cryptocurrency Enforcement Team

On October 6, the Department of Justice (“DOJ”) announced the creation of a National Cryptocurrency Enforcement Team (“NCET”).  The DOJ press release is set forth in part below, without further commentary, other than to observe that the NCET’s stated goals are to address issues on which we repeatedly have blogged:  crypto exchangers and their AML obligations; the…
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