The World World Agency reveals an increase in criminal activity that includes stablecoins star-news.press/wp

The Financial Action Squad (FATF) has caused warnings about the “increasing risks” associated with the adoption of Stablecoins and other cryptocurrencies.

Stablecoin’s adoption raises security concerns

In a press release issued on June 26, FATF male The increasing use of the wealth by illegal actors – including North Korean agents, terrorist financiers and drug dealers – faces great challenges on global financial security. The report also indicates that a large part of illegal activities on the chain now includes stablecoins.

FATF, a global organization dedicated to combating money laundering and terrorist financing, confirmed that the collective adoption of Stablecoins can exacerbate these risks, especially given the “inconsistent application” of its standards across various judicial states.

In its report, the Financial Procedure Squad indicated statistics of the surrounding anxiety StealingNoting that only 3.8 % of $ 1.46 billion was recovered by North Korean infiltrators from the exchange of cryptocurrencies.

The Foundation also noted a significant increase in the use of digital assets for fraudulent activities and fraud, which increases the complexity of the organizational environment for both exporters, users and companies looking to adopt these assets to customers who are eager to participate in encryption activities.

The stealing of the cryptocurrency increases 300 % in the first quarter

To address these emerging threats, the Financial Procedure Squad calls on governments all over the world to enhance licenses and registration operations for virtual asset service providers (VASPS).

This includes identifying individuals involved in VASP activities, reducing the risks associated with VASPS abroad, and ensuring transparency in Border payment Information. FATF stressed that the unlimited nature of virtual origins means that organizational failure in one field can have long -term global consequences.

Modern reports indicate an amazing increase of 303 % in the theft of cryptocurrency during the first quarter of the year, with a total of $ 1.67 billion. This increase was largely driven by the prominent penetration of BYBIT exchange in February, which saw 197 penetrations in just three months.

The Blockchain Data Data Data Red series also stated that the total value that was stolen through Crossed currency breakthroughs It amounted to $ 2.2 billion in 2024, which is a number, although it is higher than $ 1.8 billion lost in 2023, is still less than $ 3.7 billion stolen in 2022.

Due to the increase in interest in Stablecoins, Circle, a second largest source of Stablecoin in the market, the US dollar currency (USDC), has witnessed a noticeable participation of investors in its first public offer (IPO).

Since June 5, the newly traded stocks, under the Ticker CRCL code, has risen significantly. It was closed at $ 84 on the first day of trading, but by June 26, it reached 213 dollars – by 232 % in just three weeks.

Distinctive image from Dall-E, Chart from TradingView.com

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