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An investigation has revealed how stablecoins — cryptocurrencies pegged to the US dollar that exist largely beyond traditional financial oversight — have become a practical tool for criminals and sanctioned individuals to move funds across borders almost instantly and convert them back into spendable money, often without detection.
A Chainalysis report from February estimated that up to $25 billion in illicit transactions involved stablecoins last year. A New York Times…
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An investigation has revealed how stablecoins — cryptocurrencies pegged to the US dollar that exist largely beyond traditional financial oversight — have become a practical tool for criminals and sanctioned individuals to move funds across borders almost instantly and convert them back into spendable money, often without detection.
A Chainalysis report from February estimated that up to $25 billion in illicit transactions involved stablecoins last year. A New York Times…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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