#CryptoScamSurge

Urgent Warning: Sharp Increase in Fraudulent Activities Related to This Type of Cryptocurrency

A new report released on Thursday by the Financial Action Task Force (FATF), an international governmental body focused on developing policies to protect the global financial system from money laundering and terrorist financing, stated that most illegal activities related to cryptocurrencies are associated with what are known as stablecoins.

Increase in the Use of Stablecoins in Criminal Activities

The report clarified that a wide range of criminal entities—including terrorist groups, drug traffickers, and North Korean hackers—have intensified their use of stablecoins since the agency's previous report on digital assets in 2024.

This report comes at a time when U.S. lawmakers and companies are pushing to expand the trading of stablecoins, which are crypto tokens tied to the value of the U.S. dollar or any other national currency, by integrating them into the traditional financial system.

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