Mexican authorities struggle to keep up as cartels embrace crypto

Cointelegraph

Published Dec 08, 2020 11:57PM ET

Updated Dec 09, 2020 01:40AM ET

Mexican authorities report an increase in the use of crypto assets to launder funds by criminal syndicates in Latin America.

In a Dec. 8 report from Reuters, the head of Mexico’s finance ministry’s financial intelligence unit, Santiago Nieto, described how cartels use crypto to launder money obtained in illicit activities.

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