Cryptocurrency

United

Online

The increasing popularity of cryptocurrencies has motivated many criminals. 
As in many countries of the world, fraudsters use cryptocurrencies in their actions. 
At this point, the United Nations said in its report that Tether (USDT) was used most in fraudulent activities. 
According to a report published by the UN's office on drugs and crime, USDT is at the heart of the fraud industry and Tether is the most used, according to the Financial Times. 
The UN warned investors, stating that Tether, one of the world's largest cryptocurrencies, is used as one of the leading payment methods by money launderers and fraudsters operating especially in Southeast Asia. 
<blockquote> 
 “In recent years, law enforcement and financial intelligence officials have reported the rapidly increasing use of cryptocurrencies in money laundering cases. 
 Online gambling platforms, especially those operating illegally, have emerged among the most popular tools for cryptocurrency-based money launderers, especially those using Tether.” 
</blockquote> 
Speaking about the report, Jeremy Douglas from the UN Office on Drugs and Crime said, “Organized crime syndicates have established an effective parallel banking system using new technologies. The proliferation of loosely or completely unregulated online casinos, along with crypto, has strengthened the region's criminal ecosystem. Cryptocurrency regulations are far behind or behind.” “There are almost none. Criminal organizations know this and use vulnerabilities and weaknesses,” he said. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/tether-usdt-warning-from-the-un-investors-should-be-careful/">Tether (USDT) Warning from the UN: "Investors Should Be Careful!"</a>

Tether (USDT) Warning from the UN: "Investors Should Be Careful!"

Bitcoin Sistemi EN

Other articles published on Jan 15, 2024

Barclays Analysts Update Their FED Policy Forecast and Give a Date for Rate Cuts

Bitcoin (BTC) faces downward pressure as spot ETF debut triggers sell-off

SUI Token Price Analysis: A Surge with Potential Pullback Indicators

Celsius and FTX move crypto to exchanges to repay creditors

The Petro Plunge: An Epic Crypto Catastrophe Unveiling the Perils of Band-Aid Solutions

Ethereum Bloodbath Incoming? Celsius’ $125 Million Move Threatens ETH Price

Join our free newsletter for daily crypto updates!