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Secret Service seizes more than $102 million in crypto assets

The U.S. Secret Service, known for protecting the president, is taking aim at illicit digital currencies, seizing over $102 million in the past seven years.

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The U.S. Secret Service, known for protecting the president, is taking aim at illicit digital currencies, seizing over $102 million in the past seven years.

Highlights

  • U.S.
  • Secret Service is cracking down on illicit digital currency transactions.
  • The Secret Service has seized more than $102 million in illicit digital currencies in the past seven years.
  • Agents and analysts actively track the flow of bitcoin and other cryptocurrencies on the blockchain, similar to an old-fashioned surveillance.
  • The seizure of over $102M in crypto has occurred in 254 cases since 2015, according to statistics compiled by the agency.
  • The crypto ecosystem has expanded significantly in recent years, but institutions such as the IMF are starting to embrace its innovation, but are also calling for investors to exercise caution, the agency said.