Jesse Hamilton is CoinDesk's deputy managing editor for global policy and regulation. He doesn't hold any crypto.
The U.S. Treasury Department's Financial Crimes Enforcement Network issued an updated advisory to U.S. financial firms cautioning them on what to watch out for in illegal fentanyl trafficking, including the use of certain cryptocurrencies.
Criminal organizations in Mexico have been using several popular digital assets to buy the raw materials needed to make the drug fentanyl, according to the U.S. Treasury Department's Financial Crimes Enforcement Network , which cited the use of bitcoin and other tokens"among others," according to an updated FinCEN advisory to alert U.S. financial firms about the network of criminal organizations producing the dangerous narcotic.
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