Aneyed

ChainCatcher news, according to Cointelegraph, a report released by the United Nations Office on Drugs and Crime warned that cryptocurrencies are being abused in the illicit economies of East and Southeast Asia.

Criminals operate illegal gambling and fraud in poorly regulated special economic zones and areas controlled by autonomous armed groups. A dedicated tourism industry has emerged around casinos, with so-called junkets not only providing travel and accommodation, but have been able to act as "international bank-like entities, providing a variety of underground financial services, including credit issuance, currency exchange and multi-currency payments and Settlement solutions, remittances and extrajudicial debt collection mechanisms that have been exploited.”