Making crypto conventional by improving crypto crime investigations worldwide -Breaking
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Make crypto more mainstream by increasing crypto crime investigations around the worldWhen times are tough — as in the pandemic — enterprising human nature goes into overdrive. Alternative ways of making money are sought out. One reason why crypto currencies have gained popularity is because of large numbers who are unable to pay high-interest rates or rising inflation.
Where there’s cash, however, there are also criminals. Bad actors know how to behave and view the potential for increased traffic and momentum in crypto, even though they are aware that some new investors might not be doing their research. Investors might not apply the same level of scrutiny to crypto as they would their pensions or other investments, and there’s not a lot of regulatory oversight globally. A simple message or splash page on a forum could quickly cause a large number of investors to become victims to scams.
Mike WelshMerkle Science director of Government Affairs. Responsible for establishing relationships with foreign government agencies, providing operational, technical and training insights to law enforcement and regulators so that they can seamlessly integrate cryptocurrency crime into their financial investigations, and work with other agencies. Mike was previously with the FBI for eight years, where he specialized in opioid diversion and complex financial crimes. After that, Mike led Chainalysis’ early efforts into the public sector, assisting in government liaison and operations.
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