The U.S. Treasury Department sanctioned members of the Sinaloa Cartel, accusing them of using cryptocurrency to launder money.

ME News reports that on May 21 (UTC+8), the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) imposed sanctions on Sinaloa Cartel member Armando de Jesus Ojeda Aviles and several of his associates. The sanctions allege that they used cryptocurrency channels to transfer proceeds from the sale of fentanyl, cocaine, and methamphetamine back to Mexico. (Source: MLion)
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