2021: US Secret Service seizes $22M in counterfeit US currency, highlighting resurgence despite digital currencies.

In 2021, the US Secret Service reported seizing nearly 22 million dollars in counterfeit US currency, highlighting the resurgence of counterfeiting despite the rise of digital currencies and electronic payment methods. Advances in technology, the widespread acceptance of the US dollar worldwide, and the availability of scanners and printers have contributed to the global threat of counterfeit US currency. Despite the shift towards electronic transactions, cash remains popular in many parts of the world, making it a continuing target for counterfeiters.

March 12, 2024
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