More International Cooperation Needed on Crypto Crimes, DOJ Says

The U.S. needs to ramp up its coordination with other nations to investigate and combat crimes involving digital assets, the Department of Justice said in a new report.

The DOJ report called for more international collaboration to address “unique obstacles” posed by cryptocurrencies and other digital assets, such as the user anonymity and speed of cross-border payments.

The increased use of digital assets “increases the risk of crimes,” including money laundering, ransomware, terrorist financing, fraud, theft and sanctions evasion, according to the report released Monday.

“Strengthening international law enforcement cooperation for detecting, investigating, prosecuting, and otherwise disrupting criminal activity related ...