menu
techminis

A naukri.com initiative

google-web-stories
source image

TheNewsCrypto

3w

read

185

img
dot

The Role of Stablecoins in Illicit Activities

  • Stablecoins facilitate illicit transactions due to price stability, speed, and blockchain acceptance.
  • Regulators worldwide are enforcing rules to increase transparency and monitor stablecoin use.
  • Originating in 2014, stablecoins combine fiat value with blockchain technology for various uses.
  • Illicit activities involving stablecoins include money laundering, sanctions evasion, and ransomware payments.
  • Mitigating misuse requires regulatory oversight, issuer control, international cooperation, and CBDCs support.

Read Full Article

like

11 Likes

For uninterrupted reading, download the app