Bitcoin use on the rise to launder drug money, report says

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Bitcoin use on the rise to launder drug money, report says

DRUG cartels in Mexico and Colombia are increasingly using cryptocurrencies such as bitcoin to launder money, the UN-linked International Narcotics Control Board (INCB) said yesterday.

Mexican cartels are estimated to launder US$25 billion (RM104.7 billion) a year in Mexico alone, the board’s annual report said, describing them “as among the richest and most powerful organised criminal groups” in the world…
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