The Growing Concerns in CryptoCrime

[MarkRoberts]

Undeniably so, these recent months have witnessed major economies ban the use of major cryptocurrencies within their territories following the concerns on crypto crime.

There being three crypto-related criminals in the Secret Service’s list is evidence enough that the industry is attention-needing hence the overwhelming government interventions.

Early this month, the department of justice announced that ransomware will, for now on, be evaluated along the same lines as terrorism. This declaration came duly after a high-profile ransomware attack paralyzed operations of the Colonial Pipeline.

[CryptoStar19]

With growing value of cryptocurrencies comes growing criminal activity around crypto.