Mexican Cartels Utilize Bitcoin, Ethereum, Stablecoins to Procure Fentanyl Ingredients

Thursday, 20 June 2024, 17:08

The financial-crimes unit of the U.S. Treasury Department has identified a surge in the utilization of various cryptocurrencies by Mexican drug cartels to facilitate the procurement of fentanyl ingredients. Bitcoin, Ethereum, USDT, and other tokens are increasingly being employed in illicit activities, posing a significant challenge for authorities in combating drug trafficking. This alarming trend underscores the evolving tactics adopted by criminal organizations to circumvent traditional financial oversight and underscores the pressing need for enhanced regulatory measures and vigilance in monitoring crypto transactions.
CoinDesk
Mexican Cartels Utilize Bitcoin, Ethereum, Stablecoins to Procure Fentanyl Ingredients

Mexican Cartels Rely on Cryptocurrencies for Purchasing Fentanyl Ingredients

The financial-crimes unit of the U.S. Treasury Department has identified a surge in the utilization of various cryptocurrencies by Mexican drug cartels to facilitate the procurement of fentanyl ingredients.

Changing Tactics

Bitcoin, Ethereum, USDT, and other tokens are increasingly being employed in illicit activities, posing a significant challenge for authorities in combating drug trafficking.

Regulatory Concerns

This alarming trend underscores the evolving tactics adopted by criminal organizations to circumvent traditional financial oversight and underscores the pressing need for enhanced regulatory measures and vigilance in monitoring crypto transactions.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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