Stablecoins Becoming Currency of Choice for Crime, FATF Warns

Stablecoins Becoming Currency of Choice for Crime, FATF Warns

State-linked cybercriminal groups finding them increasingly useful

Stablecoins, which unlike volatile cryptocurrencies like Bitcoins, are intended to function as a reliable medium of exchange and a store of value within the digital economy, nonetheless have become a currency of choice by money launderers and terrorism financiers as well as by state-linked cybercriminal groups including the North Kor…

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