Criminals Finding Workarounds Despite Crackdown On Crypto Exchanges

Criminals are fine-tuning their response to closer regulatory scrutiny of cryptocurrency exchanges by turning to alternative methods to cover their tracks and launder funds anonymously, a cryptocurrency and security expert has warned.

Mainstream cryptocurrency exchanges based in jurisdictions with mature regulatory frameworks are typically subject to robust know your customer (KYC) procedures and collect a bevy of customer information that can be of significant value to law enforcement and regulators during investigations.

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