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Curbing the cryptocurrency crimewave

Photo: Adobe Stock Images

How can financial institutions protect themselves and their customers against crypto crooks?

The surge in the value of bitcoin has created a boom in cryptocurrency trading as investors try to find the next big crypto trend. At the same time, it has also created a spike in crypto crime, with criminals raking in $1.9bn from crypto-related crimes in 2020, according to CipherTrace.

“Scams