How the US & UK are collaborating to Stop Crypto Frauds?

*Two heads are better than one. Hopefully that rings true, because the US & the UK are now working together stop crypto frauds. Hey and thanks for tuning in, Holly Shields here for Kalkine Media.
*With the growth of crypto adoption also comes the risk of cryptos being used for illicit activities. In the US, The IRS’s Criminal Investigations Unit seized US$3.5 billion in this year alone from crypto frauds. 
*In the UK, the City of London Police revealed that the same frauds have accounted for losses of more than £146 million in 2021. This was roughly 30% higher than last year. 
*A more suitable form of central bank digital currency (CBDC) is gaining voices to curb the illicit use of cryptos. Many countries are already in the trial phase, with hopes that CBDCs would give them better control over the market.

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