Cook Islands’s Cryptocurrency Ruling Raises Cybersecurity Issue

Cook Islands’s Cryptocurrency Ruling Raises Cybersecurity Issue
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The proposed cryptocurrency bill by the Cook Islands validates carrying out criminal activities, raising cybersecurity concerns.  
As the crypto community is fighting for standardized legislation, Cook Islands proposed a Tainted Cryptocurrency Recovery Bill that involves hacking for crypto investigation. The bill has been tabled in Parliament to assist recovery agents in using a variety of hacking tricks to investigate cryptocurrencies for illegal matters and crypto crimes.    
What’s Inside The Proposed Legislation On Cryptocurrency
A controversial new bill proposed in the Cook Islands has set the alarm among the legislative authorities and experts operating in the field of cryptocurrency.  
The Tainted Cryptocurrency Recovery Bill 2023 was drafted by Drumcliffe, a US-based company accountable for debt collection specializing in international asset seizure.   
During an inquiry, Drumcliffe engaged at least two local lawyers to formulate the Tainted Cryptocurr

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