Kosovo

A new report from the Global Initiative Against Transnational Organized Crime (GI-TOC) has raised alarm bells: cryptocurrency is playing an increasingly significant role in criminal activities in the Western Balkan region, which includes Albania, Serbia, Bosnia & Herzegovina, Kosovo, Montenegro, and North Macedonia.

Balkan criminals are 'hiding' in crypto wallets

According to GI-TOC, tens of millions of euros related to criminal networks in the region have been funneled through crypto wallets and then laundered and reinvested into legitimate businesses. Alarmingly, this region has only recorded three cryptocurrency asset seizures, all occurring in recent years.