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

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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