The Use of Artificial Intelligence in Fighting Cryptocurrency Crime

The landscape of financial crime is evolving rapidly with the rise of cryptocurrencies. While these digital currencies offer a new horizon of financial possibilities, they also present novel challenges for law enforcement and regulatory bodies. Artificial intelligence (AI) has emerged as a pivotal tool in the arsenal against this modern peril. It is utilised to detect and prevent illicit activities such as money laundering and fraud that are proliferating in tandem with the burgeoning use of cryptocurrencies. The capabilities of AI in analysing vast amounts of transaction data, recognising patterns, and identifying suspicious activities make it an invaluable ally …
