Financial Digest

Tether Becomes Key Tool for Criminals and Money Launderers, Says United Nations

  • 📰 Forbes
  • ⏱ Reading Time:
  • 7 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 37%
  • Publisher: 53%

Cryptocurrency News

Tether,Cryptocurrency,Money Laundering

Tether has fast become the platform of choice for money laundering and fraud operations across East and Southeast Asia, the United Nations Office on Drugs and Crime (UNODC) warned in a report on organized crime and illicit banking in the region.

Tether has become a key tool for criminals, money launderers, and scammers, according to a United Nations report. The United Nations Office on Drugs and Crime (UNODC) warned that Tether has become the platform of choice for money laundering and fraud operations in East and Southeast Asia. Tether's stability, ease of use, anonymity, and low transaction fees have made it a preferred choice for fraudsters and money launderers.

Intelligence agencies in the region consider Tether to be among the most popular cryptocurrencies used by organized crime groups

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dutch Politician Sigrid Kaag to Lead UN Humanitarian Effort in GazaSigrid Kaag, a Dutch politician and veteran United Nations diplomat, has been appointed as the UN Senior Humanitarian and Reconstruction Coordinator for Gaza. She will resign from her position as finance minister and deputy prime minister of the Netherlands to take on this role. The appointment comes as conditions in Gaza worsen, with shortages of power and medicine and the risk of famine.
Source: cnni - 🏆 326. / 59 Read more »