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US and Nigeria unite to tackle crypto crime with new liaison group

The United States and Nigeria have joined forces to combat cryptocurrency-related crimes and illicit finance by forming a Bilateral Liaison Group. This collaboration is focused on strengthening investigative capabilities, intelligence exchange, regulatory cooperation, and public-private partnerships. Both countries have seen significant crypto adoption, with Nigeria being the second-largest adopter globally. By leveraging blockchain analytics and other technology, the group aims to track and investigate crypto transactions linked to criminal activity. The partnership also includes training for Nigerian law enforcement and initiatives to educate the public on crypto-related issues. The success of this group may lead to the formation of similar partnerships with other nations.

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