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Cambodia casino crackdown fails as $1.07 billion in crypto still flows

Cambodia casino crackdown fails as $1.07 billion in crypto still flows
AI summary

Cambodia's crackdown on casino-linked crypto activity has failed to halt $1.07 billion in crypto flows, according to the report. USDT on TRON made up 99.9% of the crypto received by casinos in Sihanoukville. The persistence of these flows highlights continued illicit stablecoin usage and potential regulatory scrutiny for TRON-based USDT, a risk traders should watch.

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