How a cryptocurrency helps criminals launder money and evade sanctions
undefined 10, 2025
Criminals are turning to stablecoins, dollar-backed cryptocurrencies, to store and move illicit funds, replacing diamonds, gold, and art. Stablecoins can be moved across borders instantly or converted to debit cards, often undetected. In 2024, up to $25B in illegal transactions involved stablecoins, enabling sanctioned actors like Russian oligarchs and extremists to bypass financial restrictions, prompting governments to step up enforcement.
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