ZachXBT claims USDC is a primary tool for North Korean IT workers involved in illegal payments, despite Circle’s compliance claims. The FATF states that stablecoins are increasingly linked to financial crimes, warning that this trend requires urgent regulatory action.
The FATF reported that approximately 51 billion USD in fraud and scams occurred in 2024, revealing the significant role of stablecoins in global financial crime. As criminal networks adapt quickly, the gap in regulations poses a challenge for law enforcement agencies.
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