US FinCEN Issues Warning on Bitcoin, Ethereum, Monero, Tether Usage in Drug Trade

The US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has raised alarms about the growing use of various cryptocurrencies to support Mexican drug trafficking operations. FinCEN issued updated guidance to US financial institutions, warning them about the involvement of specific cryptocurrencies in illegal fentanyl trafficking. Four primary tokens were mentioned in the advisory: Bitcoin, Ethereum,

Source: CoinOtag