Odaily Planet Daily News A new report from the United Nations Office on Drugs and Crime (UNODC) shows that transnational criminal groups from East Asia and Southeast Asia are rapidly expanding their operations around the world, using illegal cryptocurrency mining as a tool to launder billions of dollars in illegal proceeds. The report's authors said that the criminal activities of these criminal gangs are no longer limited to fraud and trafficking, and they have also established a mature online ecosystem, including unlicensed cryptocurrency trading platforms, encrypted messaging tools, and stablecoins. The report pointed out that Huione Guarantee (recently renamed Haowang) is one of the central hubs of this underground economy. With more than 970,000 users and $24 billion in cryptocurrency traffic, this Cambodia-based platform has become a one-stop shop for money laundering tools, false identities, and fraud services. (Decrypt)