US DOJ to Target Illicit Behavior on Crypto Exchanges
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The Department of Justice (DOJ) has started targeting crypto exchanges due to their role in illicit behavior on the crypto market.

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In an interview with the Financial Times, DOJ's National Cryptocurrency Enforcement Team (NCET) head, Eun Young Choi, said the agency will go after companies that allow cybercrimes to happen.

Choi says the DOJ wants to achieve a "multiplier effect" by focusing on trading platforms, as "they're allowing for all the other criminal actors to easily profit from their crimes and cash out in ways that are obviously problematic to us."

"We're seeing the scale and the scope of digital assets being used in a variety of illicit ways grow significantly over the last, say, four years," she added.

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The NCET head also hinted the agency might also hit big companies, saying their sizes "is not something that the department will countenance." Choi declined to elaborate on what companies in the US might face scrutiny on the matter.

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