Half of all the people who have ever invested in cryptocurrency did so in 2021. Not surprisingly, an equal amount of the crypto fraud that has ever been perpetrated was generated in response. But the industrial architecture and regulatory environment that allowed cryptocurrency to thrive to such unprecedented heights also underwent rapid changes to meet this challenge.
There are three reasons for this:
1. The adaptation of blockchain technology to catch up with the benefits of existing financial infrastructure.
2. The enforcement of AML and KYC requirements by regulatory bodies around the globe.
3. The international sanctions imposed on Russia, which required governments and regulatory authorities to exert even greater pressure on blockchain companies to ensure their compliance.
This MyChargeBack webinar explores these subjects in-depth and explains why the victims of cryptocurrency fraud are now in a better position than ever to succeed in their recovery efforts.
The webinar, hosted by Elijah Jackson, MyChargeBack Digital Marketing Manager, was held on Thursday, May 12, 2022.