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Crypto wrap: UK uncovers laundering scheme, crypto advocate to lead SEC, and more

Montage of cryptocurrrencies
GRIP Montage: Getty Images

Latest developments in the world of crypto.

We start this week’s wrap with a big story from the UK, where authorities have said they have uncovered a multi-billion dollar money laundering scheme that was being run out of London, Moscow and Dubai.

The FT has reported that the scheme “enabled Russian spies and European drug traffickers to