Money laundering is on the rise: According to the AML Eurasia group’s warning, cryptocurrencies are attracting more complex money laundering schemes, complicating illegal financial flows.
The role of stablecoins in money laundering: The report indicates that stablecoins are becoming primary tools for illegal activities, including cyberattacks and illicit transactions.
Regulatory improvements needed: The Swiss financial regulator has warned about the risks associated with cryptocurrencies and plans to implement stronger initiatives to address this issue.
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