Bitcoin money laundering rates rise worldwide in 2022

Bitcoin money laundering rates rise worldwide in 2022

Bitcoin money laundering rates rise worldwide in 2022. A recent report has revealed that criminals around the world are using bitcoins and other cryptocurrencies for money laundering.

Bitcoin money laundering rates rise worldwide in 2022
Bitcoin money laundering rates rise worldwide in 2022

Bitcoin money laundering rates rise worldwide in 2022

Mexico’s drug cartel alone uses 25 25 billion worth of corrupt currency annually for money laundering. Colombia’s major drug mafias are also using bitcoins for money laundering.

Bitcoin money laundering rates rise worldwide in 2022
Bitcoin money laundering rates rise worldwide in 2022

Bitcoin money laundering rates rise worldwide


According to the United Nations International Narcotics Control Board (INCB), money laundering from cryptocurrencies, especially bitcoins, by major drug traffickers in Mexico and Colombia is on the rise.

Bitcoin money laundering rates

Understand more: Unknown gathering offers bitcoin for giving up Russian tanks
As indicated by the yearly report of the Narcotics Board, the world’s biggest coordinated, most extravagant and most impressive Mexican medication cartels are washing 25 25 billion yearly. The Gelsconogeneration Cartel and the Cena Ola Cartel are among the top medication dealing gatherings.

Bitcoin money laundering


The report expresses that these lawbreaker bunches partition their illegal cash into little pieces and store it in different financial balances and later utilize these records to purchase online bitcoins, which are subsequently utilized for non-installment of cash. Utilized for lawful conveyance.

Bitcoin money rates rise worldwide

According to the US Drug Enforcement Administration, drug lords in Mexico and Colombia have two main reasons for their interest in cryptocurrency.
The INCB has issued a red alert to all countries around the world to prevent money laundering using cryptocurrencies and called for a joint agreement to regulate cryptocurrencies.

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