Some countries, like Venezuela, are all about getting rich quick, especially the elites. Many of these Latin American nations are corrupt as hell. Organized crime gets protection from their own governments and police. The West, especially the US, knows that the key to control is through manipulating economies. They lure in criminal money into their banks using tactics like the "honey trap." Once that money's in the West, they hit it with sanctions and confiscations. It's a whole cycle.
Power is what it’s all about.
The Dark Side of Wealth: Corruption and Crime in Latin America
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LOL, the US is literally robbing criminals. It's wild. But honestly, criminals must realize now that even crypto isn't immune from US reach... They might try to dodge USDT since it can be frozen, but then they go for BTC. But guess what, the US has major players in BTC who can totally tank its price anytime. So yeah, crypto and the Western financial system don’t mix well for them.
They’ll definitely look for other ways to handle their cash flows.