Bitcoin: Is This The Next Trend In Crypto Fraud? (2019)
Bitcoin: Is This The Next Trend In Crypto Fraud? (2019)
Internationally fraud caused through money, be that cash or digital seems to be on the decline. As banks and governments become more tech savvy, the room for fraudulent financial activities decreases. It’s actually quite hard to commit financial crimes with FIAT currency, for good reason too. The intervention of banks and financial service providers means that criminals tend to get caught – this is a good thing of course. Cryptocurrency on the other hand brings some question to this, through cryptocurrency fraud such as money laundering can be a little easier to carry out, thanks to the anonymity and decentralisation of the blockchain.
Internationally fraud caused through money, be that cash or digital seems to be on the decline. As banks and governments become more tech savvy, the room for fraudulent financial activities decreases. It’s actually quite hard to commit financial crimes with FIAT currency, for good reason too. The intervention of banks and financial service providers means that criminals tend to get caught – this is a good thing of course. Cryptocurrency on the other hand brings some question to this, through cryptocurrency fraud such as money laundering can be a little easier to carry out, thanks to the anonymity and decentralisation of the blockchain.
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