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Podcast: Corruption Crime & Compliance
Episode: Episode 33 -- Bitcoin, Cryptocurrencies and Compliance
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Cryptocurrencies, including Bitcoin, are exploding on the marketplace. Cryptocurrencies are promising huge technological advances in our economy by relying on the new blockchain technology.
Initial coin offerings raised $7 billion in capital last year, and this year ICOs are expected to raise over $20 billion in capital.
Bitcoin and other established cryptocurrencies have increased in value. Bitcoin reached a high of nearly $20,000 and is now trading just under $7000. Ethereum, a rival cryptocurrency, is trading at just under $400.
Bitcoin and other cryptocurrencies are volatile, and investors are suffering significant sw...