India's DRI Says Smugglers Ditching Hawala Networks for Stablecoins – Decrypt
In brief Cryptocurrency and stablecoins are increasingly replacing hawala networks in drug and gold smuggling operations, according to a new report by India’s Directorate of Revenue Intelligence. The DRI uncovered a gold smuggling syndicate that laundered over $12.7 million through hawala and USDT to China. Experts say comprehensive crypto regulations are needed to close gaps...
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