🚨 The UN warns of cryptocurrency abuse in the criminal economies of East and Southeast Asia.
- New technologies and crypto increase the complexity for law enforcement agencies.
- Unregulated casinos and romance scams are on the rise in the Mekong region.
- Criminals use special economic zones and territories under the control of armed groups.
- The stablecoin Tether (USDT) on the Tron blockchain is popular among criminals due to its stability, ease of use, anonymity and low fees.
- Local crypto exchanges may also be linked to money laundering.
The UN suggests improving awareness and policies to combat financial lawlessness in the region.