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How Cryptocurrencies Are Empowering Transnational Criminal Organizations and Countries in Latin America

During the COVID-19 pandemic, life as we knew it changed dramatically as activities, both licit and illicit, moved to the virtual world. We witnessed shopping, college classes, diplomatic meetings, financial transactions, and organized crime activities transition online almost overnight. The pandemic has empowered transnational criminal organizations (TCOs) to establish new virtual markets for their drug, human, arms, and contraband trafficking and money laundering with cryptocurrencies.

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