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UN Stablecoin Alert: $24B Laundering Network Fuels Global Crime Surge
UN Stablecoin Alert: $24B Laundering Network Fuels Global Crime Surge
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The United Nations has issued a warning about the rise of crypto-driven organized crime. Armed militias and criminal syndicates are increasingly using blockchain tools, especially stablecoins, to fund and obscure their operations. A UNODC report details how transnational criminal groups from East and Southeast Asia are leveraging illicit crypto mining, stablecoins, and encrypted messaging platforms to build a vast global underground economy. One Cambodia-based platform processed $24 billion in suspected criminal crypto flows.
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