How "cash to crypto" swaps allow users everywhere to convert national currencies to stablecoins and then debit cards, avoiding financial oversight and sanctions (Aaron Krolik/New York Times)

Aaron Krolik / New York Times: How “cash to crypto” swaps allow users everywhere to convert national currencies to stablecoins and then debit cards, avoiding financial oversight and sanctions  —  Smugglers, money launderers and people facing sanctions once relied on diamonds, gold and artwork to store illicit fortunes.

Dec 8, 2025 - 01:00
182127
How "cash to crypto" swaps allow users everywhere to convert national currencies to stablecoins and then debit cards, avoiding financial oversight and sanctions (Aaron Krolik/New York Times)

Aaron Krolik / New York Times:
How “cash to crypto” swaps allow users everywhere to convert national currencies to stablecoins and then debit cards, avoiding financial oversight and sanctions  —  Smugglers, money launderers and people facing sanctions once relied on diamonds, gold and artwork to store illicit fortunes.

This article has been sourced from various publicly available news platforms around the world. All intellectual property rights remain with the original publishers and authors. Unshared News does not claim ownership of the content and provides it solely for informational and educational purposes voluntarily. If you are the rightful owner and believe this content has been used improperly, please contact us for prompt removal or correction.