Criminalizing Unlicensed Breeders: A UN Agency’s Stance

The United Nations Office on Drugs and Crime (UNODC) has published a report about the growing criminal activities involving cryptocurrency in Southeast Asia. The report reveals that there are entities engaged in transactions with criminal operations, including groups connected to large-scale drug trafficking, human trafficking, cybercrime, and child sexual abuse material. There is also a proof that USDT, a dollar-pegged stablecoin, is being used for money laundering. UNODC recommends that regulators declare the operations of unlicensed virtual asset service providers and money service businesses as a criminal offense to combat the rise of crypto-related crimes in the region.

Source: raided

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