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How Stablecoins Can Help Criminals Launder Money and Evade Sanctions
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How Stablecoins Can Help Criminals Launder Money and Evade Sanctions

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Through layers of intermediaries, stablecoins can be moved, swapped and mixed into pools of other funds in ways that are difficult to trace, experts say.

Smugglers, money launderers and people facing sanctions once relied on diamonds, gold and artwork to store illicit fortunes. The luxury goods could help hide wealth but were cumbersome to move and hard to spend. Now, criminals have a far more practic... [1918 chars]

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Source: The New York Times

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