TIPS - CFTC: Most Whistleblower Tips Involve Crypto Commissioner Wants Stronger ID Verification | Benzinga
U.S. regulators paid $16 million to crypto whistleblowers this year as part of an effort to identify fraud and other illegal activities.
As a result, the Commodity Futures Trading Commission (CFTC) plans to increase financial literacy, particularly related to crypto scams.
"With the rise of crypto, more retail customers have come under the CFTC’s jurisdiction, making even more critical the efforts of the CFTC’s Whistleblower Program and the Office of Customer Education and Outreach,” a recent report states.
Whistleblowers assist in identifying fraud, and other illegal activities and interpreting any evidence.
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