A new report shows that criminal organizations in Latin America are expanding their use of cryptocurrencies not only for money laundering but also to invest in digital assets in order to generate profits.
Cryptocurrency is helping connect local criminal groups with foreign actors, providing liquidity, and supporting cross-border logistics. This development reflects a broader trend of cryptocurrency adoption in Latin America, which analysts say is providing additional financial tools for criminal networks alongside legitimate users.
Cryptocurrency is helping connect local criminal groups with foreign actors, providing liquidity, and supporting cross-border logistics. This development reflects a broader trend of cryptocurrency adoption in Latin America, which analysts say is providing additional financial tools for criminal networks alongside legitimate users.