How has crypto helped cartels move money around the world?
I'm curious to know how cryptocurrency has facilitated the transfer of funds for criminal organizations, specifically cartels, on a global scale. Could you elaborate on the ways in which crypto has enabled these groups to evade traditional financial regulations and move their illicit proceeds with greater anonymity and speed? Are there any specific cryptocurrencies or methods that have become particularly popular among these criminal enterprises? And how do law enforcement agencies and regulatory bodies respond to this growing trend?
Do cartels use cryptocurrency?
I've often heard rumors that cartels might be using cryptocurrency for their illegal activities. Could you elaborate on this? Do cartels indeed make use of cryptocurrencies, and if so, how do they benefit from it? Are there any specific cryptocurrencies that are more popular among cartels? And finally, how does the use of cryptocurrency by cartels pose a threat or challenge to the financial system and law enforcement agencies?