Stablecoins in Southeast Asia: the less volatile cryptocurrency is a boon for terrorist groups

From scmp.com

Cryptocurrencies have become a convenient medium for the movement of funds due to the high degree of anonymity offered by blockchain-diffused ledgers, and the operational ease of fund transfers across continents – both of which have been exploited by terrorist and criminal networks, and even states such as North Korea. Now, another form of cryptocurrencies – stablecoins – are making such illicit uses more viable, and raising regulators’ eyebrows. In the past, the broad use of cryptocurrencies as a speculative tool resulted in volatility, making them unattractive to extremist organisations. The thinking went ... (full story)