<b>Rise of Regulation: Latin America Tackles Illicit Finance</b>

The Latin American crypto market has been a hotbed of illicit finance activity in recent years. However, governments across the region are taking steps to strengthen compliance and prevent financial crimes. A new report by TRM Labs highlights the progress being made in this area.

According to TRM Labs, stablecoins have become the dominant payment rails in Latin America, accounting for 95% of inflows to sanctioned entities globally. This has forced VASPs to upgrade their technology and implement more stringent compliance measures.