UN Report Highlights Cryptocurrency’s Role in Global Crime
- The UN links cryptocurrencies to global organized crime and money laundering.
- Illegal mining and stablecoins are key tools for laundering billions of dollars.
- Platforms like Huione Guarantee have processed approximately $24 billion in illicit transactions since 2021.
- Telegram is identified as a hub for underground digital exchanges.
- Illegal mining operations cause disruptions, such as power outages in Libya.
The UN report emphasizes the urgent need for international cooperation to address the $24 billion in cryptocurrency transactions facilitated by platforms like Huione Guarantee, highlighting the growing threat of an underground crypto-economy.
Source (2.6)https://hodl.press/un-illegal-mining-becomes-cyber-syndicates-weapon/?rand=24434
