A federal grand jury in Miami has charged nine individuals with laundering U.S. drug proceeds into cryptocurrency for Mexican and Colombian cartels, utilizing “a network of black market cryptocurrency launderers and unlicensed money transmitters,” according to the U.S. Department of Justice. From 2020 to 2023, defendants allegedly coordinated cash pickups from U.S. drug sales, converting […]
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Key TakeawaysCommunity banks revived stablecoin reward concerns, swaying two Republican senators to oppose CLARITY.ICBA warned stablecoins could trigger a $1.3T...
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