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In recent years, crimes and crypto have grown inexorably entwined. Crypto crimes rise as its popularity and use cases grow, therefore putting at risk traders and companies alike. TrendMicro claims that even while the value of crypto transactions received by illegal addresses has reduced to an estimated $24.2 billion, this figure will still develop as more dubious addresses come to light. Crypto crimes have become so pervasive that the United States has even been pushed to create a task force to combat them and work with other agencies when necessary. And that’s exactly what the US did when it announced its partnership with Nigeria in its efforts to promote digital technologies while responding to the threats of cybercrimes and digital harms. Image: The Cyber Express US Partners With Nigeria To Combat Crypto-Related Crimes In a press release shared by the US Embassy and Consulate in Nigeria, the US government has formed a Bilateral liaison group. The group aims to address the growing problems related to crypto-related crimes. The US also sees this new group as a testament to the two countries’ partnership. As part of their new partnership, both countries will collaborate and share information that can help law enforcement track and prosecute criminals. Specifically, the group will focus on criminals involved in crypto-related crimes and identify new strategies along the way. BTCUSD trading at $67,120 on the daily chart: TradingView.com Partnership To Improve Nigeria’s Campaign Against Crypto Crimes Experts say that US support will benefit Nigeria’s campaign against crypto crimes. The press release says that the US’ continuing support capacitates the Nigerian government in investigating and pursuing criminals. This latest partnership was announced just a few hours after the Nigerian government released Tigran Gambryam, a Binance executive. Source: Chainalysis The US Department of Justice’s support complements Nigeria’s colorful crypto…

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Filed under: News - @ October 27, 2024 4:38 am