Cambodia is becoming the 'capital' of a global cryptocurrency scam network, with a shocking scale: 19 billion USD per year – nearly 60% of the country's GDP. A report from HRC reveals the connection between Cambodia's political elite and sophisticated scam activities, utilizing platforms like Huione Guarantee on Telegram to launder money, manipulate emotions, and investment fraud. Complexes are springing up everywhere, from Phnom Penh to Koh Kong, serving this 'underground empire'. As private stablecoins are also being launched to evade oversight, the international community is questioning: Is Cambodia powerless or secretly supporting the underground cryptocurrency world?
#Binance
