Definition ∞ Organized crime refers to groups or networks engaged in systematic unlawful activities for financial gain or power. In the digital asset sphere, these groups exploit the pseudonymous nature of cryptocurrencies for illicit purposes. Their operations include money laundering, ransomware attacks, fraud, and financing other criminal enterprises. They often utilize sophisticated techniques to obscure their transactions and identities.
Context ∞ Reports on organized crime’s involvement with digital assets are a recurring feature in global security news, highlighting the challenges for law enforcement. The ability to move funds across borders with relative ease makes cryptocurrencies attractive to these groups. International efforts are intensifying to trace these illicit flows and disrupt criminal networks.
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