17 November 17:56
International
Foto: pixabay.com
The investigation "The Cryptocurrency Laundromat," coordinated by the International Consortium of Investigative Journalists (ICIJ), revealed how criminal networks use cryptocurrencies to launder large sums of money. Although cryptocurrency transactions are transparent on the blockchain, users can remain anonymous, which facilitates illegal activities. Automated kiosks, called "crypto ATMs," allow for quick exchanges of cryptocurrencies without identity verification, being illegally installed in France and used by drug traffickers and others involved in illicit activities.
In other countries, such as Ukraine and the USA, these services are even more accessible, and the sums involved in illegal activities reached 28 billion dollars in 2024-2025. French authorities are seeking to impose strict regulatory standards for cryptocurrency platforms, but the international context complicates efforts to combat money laundering.
In other countries, such as Ukraine and the USA, these services are even more accessible, and the sums involved in illegal activities reached 28 billion dollars in 2024-2025. French authorities are seeking to impose strict regulatory standards for cryptocurrency platforms, but the international context complicates efforts to combat money laundering.
Sources
«Spălătoria criptomonedelor» - ancheta internaţională care dezvăluie amploarea fraudelor cu criptomenede
ICIJ
The Coin Laundry How the crypto boom minted a shadow economy that thrives on crime — and left a trail of devastated victims.
coindesk
Investigative Reporter Group ICIJ Exposes ‘Coin Laundry,’ Crypto’s Criminal Financial System