United States of America: FBI Crypto App Fraud Warning
Progress
Current status
adopted
18 Jul 2022 adopted
Scope
Implementers
United States of America
Policy Area
Other operating conditions
Policy Instrument
User/subject right
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national
Timeline of events
FBI Crypto App Fraud Warning issued
On 18 July 2022, the US Federal Bureau of Investigations (FBI) issued a warning to financial institutions and investors regarding fraudulent cryptocurrency apps. In the warning, the FBI estimates the losses from crypto app-based fraud at over USD 42…
SourceEvent type
outline
Action type
adoption
Government branch
executive
Government body
other regulatory body