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(Kitco News) - Australia is tightening its grip on its growing crypto economy after the Australian Federal Police (AFP) announced it has established a new unit designed to specifically focus on monitoring crypto-related transactions.
Following a rise in the use of cryptocurrencies to facilitate criminal activity since the AFP made its first crypto seizure in early 2018, the agency decided to set up a dedicated crypto team in August, according to Stefan Jerga, the national manager of the AFP’s criminal asset confiscation command.
The new unit comes as the AFP has reportedly surpassed its $600 million revenue-raising target two years ahead of schedule, a target that was originally set by the AFP-led Criminal Assets Confiscation Taskforce and was expected to be reached by 2024.
The $600 million in assets...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...