The United Nations says crime unions are expanding to encryption and Blockchain to operate billions of dollars in operations
The United Nations on Drugs and Crime (UNODC) warns that organized crime unions are increasingly benefiting from the cryptocurrency and Blockchain technology to feed their operations.
According to one of the new diseases a reportSoutheast Asia gangs create designed financial environmental systems, including unlicensed stock exchanges and stablecoins, to evade illegal money detection.
“… many of the largest criminal groups in the region that expanded in Southeast Asia and an increasing number of judicial states in other parts of the world have rapidly diversified their business lines towards developing the main infrastructure.
This has spanned beyond the construction and management of material fraud centers to include online gambling and software services, unlicensed payment processors, cryptocurrency exchanges, cryptocurrencies, and recently, Stapcins, four Blockchain networks, illegal online shopping places, often controlled by criminal networks themselves.“
The United Nations also calls for international cooperation and stronger regulatory frameworks to combat and stop the growth of these groups.
“Indirect and continuous crawl allowed other regions to expand the scope of Asian crime operations and to target a variety of growing victims and nationalities from all over the world.
Moreover, they were allowed to increase profits and influence significantly with the generation of billions of dollars at the same time in the illegal capital reserves (FIAT and Cryptocurrency) that can be re -invested in more expansion and also used to serve money laundering needs for other criminal groups worldwide. “
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