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US and UK authorities are testing a new theory of crypto-crime enforcement: that parallel investigations, run jointly across two major economies, can outpace the scam networks that have long exploited the gaps between them.
The two governments have formalized an alliance built on information sharing and coordinated action.
What complicates the ambition is the structural reality that the operations they are targeting do not confine themselves to two jurisdictions.
The most concrete near-term commitment is a private-sector disruption operation, planned for London this October.
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