China Identifies Use Of Cryptography In Drug Trafficking As A New Phenomenon

China Identifies Use Of Cryptography In Drug Trafficking As A

A new report has highlighted the Chinese government’s recognition of the new threat posed by cryptocurrencies to facilitate drug trafficking. The 2021 report says the government has identified a shift in the flow of drug money from online bank transfers to cryptocurrencies as a new phenomenon, according to a Chinese media outlet. nncc626 announced June … Read more

Is Bitcoin A Tool For Criminals? Drug Cartels Prefer Banks

Is Bitcoin A Tool For Criminals Drug Cartels Prefer Banks

A report by the International Narcotics Control Board (INCB) shows that bitcoin is not the preferred method for drug cartels and other criminal groups to launder money, they use banks instead. This opposes the widespread narrative that claims the digital coin creates an opportunity for crime. This argument is often used to excuse the hostility … Read more