UN Partners with Tether to Combat Crypto Scams and Human Trafficking
🔥 Key Takeaways
- The United Nations Office on Drugs and Crime has partnered with Tether to fund cybersecurity bootcamps and blockchain education initiatives.
- The partnership aims to combat crypto scams and human trafficking in several African nations and Papua New Guinea.
- Tether is shifting its focus from enforcement to development-focused initiatives.
A New Approach to Combating Crypto Scams and Human Trafficking
The United Nations Office on Drugs and Crime (UNODC) has announced a partnership with Tether, a leading stablecoin issuer, to combat crypto scams and human trafficking. This partnership marks a significant shift in Tether’s approach to addressing these issues, moving from an enforcement model to development-focused initiatives.
Cybersecurity Bootcamps and Blockchain Education
The partnership will fund cybersecurity bootcamps in Senegal, providing training and education to individuals on how to identify and prevent cybercrime. Additionally, Tether will support trafficking victim assistance programs across six African nations, providing critical support to those affected by human trafficking.
In Papua New Guinea, the partnership will focus on blockchain education, providing training and resources to individuals on the benefits and risks of blockchain technology. This initiative aims to promote financial inclusion and economic development in the region.
A Shift in Approach
Tether’s previous approach to addressing crypto scams and human trafficking focused on enforcement, freezing $3.3 billion across 7,268 addresses. While this approach was effective in disrupting illicit activities, it did not address the root causes of these issues. By shifting its focus to development-focused initiatives, Tether aims to promote long-term solutions and support sustainable development.
Conclusion
The partnership between the UNODC and Tether marks a significant step forward in combating crypto scams and human trafficking. By promoting education, training, and economic development, this partnership has the potential to make a lasting impact on the lives of individuals and communities affected by these issues.
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