U.S. moves to track cryptocurrency transactions

Companies of all sizes and across all industries are taking whatever steps necessary to keep their employees safe and protect sensitive data. One group particularly at risk are the cryptocurrency dealers who face the daily threat of malware attacks and other attempts by cyber criminals trying to steal their funds. The quasi-anonymous nature of some cryptocurrency exchanges is also attracting attention from the authorities who suspect them of being used as a cover for funding terrorism and other unlawful activities. Although the largest and most popular exchanges have Know Your Customer (KYC) policies, the U.S. government believes further measures are necessary to help keep track of private cryptocurrency transactions. Against this backdrop crypto traders wanting to preserve their anonymity need additional protection. Traders can still do much to keep their identities private through extensive use of virtual private networks (VPNs).

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