Cryptocurrency crimes have increased 12-fold since 2016 | IT PRO

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Shutterstock Crimes related to cryptocurrencies have increased 12-fold in the past four years, from 704 reported incidents in 2016 to almost 9,000 in 2020. That’s according to new findings by Crypto Head , which obtained the information via a Freedom of Information (FOI) request sent to the UK’s national reporting centre for fraud and cyber crime, Action Fraud . El Salvador becomes the first nation to adopt Bitcoin as legal tender HSBC CEO says “volatile” Bitcoin is “not for us” China signals major crackdown on Bitcoin mining The reported crimes include incidents of cryptocurrency fund theft, pump and dump schemes…

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