This represents a significant increase from the 2022 period, where only 14 STRs were filed.
The Rise of Suspicious Transaction Reports
The recent surge in Suspicious Transaction Reports (STRs) filed by banks and authorities is a clear indication of the growing concern over cryptocurrency-related crimes.
Fake investment opportunities are on the rise, fueled by the lack of regulation in the forex market.
The Rise of FIA Scams
The rise of FIA scams can be attributed to the increasing popularity of online trading and the lack of regulation in the forex market. As more people turned to online trading, scammers saw an opportunity to exploit this trend and create fake investment opportunities.
Characteristics of FIA Scams
Digital assets are becoming increasingly valuable and widely accepted as a legitimate form of investment.
Scams and frauds have become rampant, and it’s becoming increasingly difficult to distinguish between legitimate and illegitimate transactions.
The Rise of Digital Asset Classes
In recent years, the concept of digital asset classes has gained significant traction. These digital assets are not physical in nature but can be bought, sold, and traded like traditional assets.