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Tether Attracts United Nations' Attention
The cryptocurrency company Tether has been highlighted in a recent UN report on crime, due to the prevalent use of its stablecoin, USDT, in money laundering and fraudulent activities, particularly in Southeast Asia. The token is notably being used in sham investment schemes promising high returns. Mexican and Colombian drug cartels have begun to use bitcoin more often
According to a recent report by the United Nations Office on Drugs and Crime, some known drug cartels of the new generation such as Jalisco and Sinaloa are increasingly using cryptocurrencies in their criminal activities as new digital assets have become a convenient financial tool. 1 - 4 of 4 results