Illegal crypto mining ‘powerful tool’ for cybercrime syndicates: UN report

The UN report emphasizes that illegal crypto mining is a major instrument for laundering illicit funds, providing crime syndicates with a means to operate without oversight from regulatory authorities.

Transnational crime groups are expanding by creating intricate online ecosystems, leveraging unlicensed crypto exchanges and stablecoins to facilitate various illegal activities, complicating enforcement efforts.

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