Cryptocurrencies Its increasing popularity has motivated many criminals.
As in many countries of the world, fraudsters use cryptocurrencies in their actions.
At this point, in the report published by the United Nations, the most common fraud acts are: Tether (USDT) He said it was used.
According to a report published by the UN’s office on drugs and crime, USDT is at the heart of the fraud industry and Tether is the most used, according to the Financial Times.
The UN warned investors that Tether, one of the world’s largest cryptocurrencies, is used as one of the leading payment methods by money launderers and fraudsters operating especially in Southeast Asia.
“In recent years, law enforcement and financial intelligence officials have reported the rapidly increasing use of cryptocurrencies in money laundering cases.
Online gambling platforms, especially those operating illegally, have emerged among the most popular tools for cryptocurrency-based money launderers, especially those using Tether.”
Speaking about the report, Jeremy Douglas from the UN Office on Drugs and Crime said:“Organized crime syndicates have established an effective parallel banking system using new technologies. The proliferation of loosely or completely unregulated online casinos along with crypto has strengthened the region’s criminal ecosystem. Cryptocurrency regulations are far behind or almost non-existent. Criminal organizations know this and exploit vulnerabilities and weaknesses. “ said.
*This is not investment advice.
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