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US and Nigeria Collaborate to Combat Crypto Crime

US and Nigeria Collaborate to Combat Crypto Crime

HappyCoinNews2024/10/27 08:22
By: HappyCoinNews
BTC+0.04%

Authorities in the United States and Nigeria have formed a bilateral task force to combat illicit financing and crimes related to cryptocurrencies.

According to the official statement , the countries will cooperate and share information that will help law enforcement track and prosecute cybercrime perpetrators. In addition, U.S. and Nigerian law enforcement will jointly develop strategies to combat illegal money laundering.

The US Department of Justice continues to work with the Nigerian government to expand its ability to investigate crimes related to digital assets, the US Embassy in the African state said on its official website.

Interestingly, the US and Nigeria entered into a partnership agreement on cooperation just a few hours later. after release from custody of the executive director Binance Tigran Gambriyam. Recall that he spent several months in a Nigerian prison on charges of money laundering.

Crypto crimes are becoming commonplace in Nigeria, which has become the world's second-largest country in terms of digital asset users. India is in first place. Another study showed that Nigerians most often choose stablecoins to save their savings from high inflation and the depreciation of the national currency.

In the US, cryptocurrency-related crimes are also on the rise, accounting for 2023% of all investment fraud cases in 87.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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