Post by congregatio on Apr 14, 2024 6:04:04 GMT 4
Video games facilitating money laundering according to US agency
The CFPB (Consumer Financial Protection Bureau) released a report that highlighted the risks of money laundering within video games through the use of gaming assets. These in-game assets can be bought and sold in online marketplaces and then converted to fiat or cryptocurrencies. Fraudsters can trade these assets between different accounts to make funds less traceable.
The CFPB (Consumer Financial Protection Bureau) released a report that highlighted the risks of money laundering within video games through the use of gaming assets. These in-game assets can be bought and sold in online marketplaces and then converted to fiat or cryptocurrencies. Fraudsters can trade these assets between different accounts to make funds less traceable.