Cryptocurrency Market Operates in Landscape of Heightened Risk

The crypto market is facing greater security risks as cybercriminals look to exploit its attractive features. Some reports  claim that digital currencies offer opportunities for offenders to engage in fraud, money laundering, and other cybercrimes while remaining anonymous. 

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This market will have to do make some regulation if they want to secure safety to all customers. First their verification of the identity of new customers when they open an account need to be more accurate in a way to have a better differentiate good customers from fraudsters and to prevent the infiltration of criminals at the same time.

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Some reports notes that 10-20 percent of Bitcoins were held by fraudsters. They use cryptocurrency for money laundering. 

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Not just that. Criminals they attack legitimate accounts to steal and transfer cryptocurrency balances, especially when their values are at the highest. 

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