The United Nations Office on Drugs and Crime (UNODC) warns of the role of cryptocurrencies in facilitating illicit activities in Southeast Asia.

- A new UNODC report finds that high-risk virtual asset service providers (VASPs) have created a new avenue for criminal organizations to operate with impunity.

- UNODC calls for urgent action, including closer monitoring of criminal activities in casinos, junkets and online scams, along with improved training for authorities.

- Tether (USDT) on the TRON blockchain is reportedly the preferred stablecoin of transnational criminal networks in East and Southeast Asia.

- Despite frequent criticism of cryptocurrencies, studies show that cash remains the preferred method of transportation for criminals. 🏦

- Data from Merkle Science and Chainalysis shows that the rate of illegal activity in cryptocurrency trading is much lower than in traditional finance. 📉