‘A national security problem and a homeland security problem’: The world targets Southeast Asia’s notorious scam centers

The recent announcement by the U.S. regarding the establishment of a 'Scam Center Strike Force' underscores the urgent need to tackle cybercrime emanating from Southeast Asia. This initiative is part of a larger trend where regulatory bodies, such as the Bank of England, are also taking steps to manage financial risks associated with digital currencies, as seen in their proposals on stablecoin regulation. The interconnectedness of these issues highlights a global effort to enhance security measures and protect economic stability, reflecting a growing recognition of the threats posed by cybercriminals.