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First stablecoin seizure recorded in Argentina as authorities crack down on money laundering operations

First seizure of stablecoins recorded in Argentina as authorities dismantle money laundering operationIn what local media are calling the first operation of its kind, Argentina’s judiciary has ordered the seizure of nearly $28,600 in stablecoins from a criminal organization that used cryptocurrencies to launder millions of dollars. Criminals obtained these funds from two main activities: phone smuggling and operating illegal online casinos. Orders of Argentine justice (…)

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