Coin

<ul class="news-points"> 
 <li>On October 3, 2023, the U.S. Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions.</li> 
 <li>These sanctions targeted individuals and companies involved in manufacturing and distributing dangerous drugs, including fentanyl and precursor chemicals.</li> 
 <li>Notably, the sanctions also extended to cryptocurrency addresses associated with the sanctioned entities.</li> 
</ul> 
The U.S. Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions on October 3, 2023. The sanctions targeted several individuals and companies involved in the manufacturing and distribution of dangerous drugs, including fentanyl and precursor chemicals. Notably, these sanctions also extended to <a href="https://coinedition.com/what-is-cryptocurrency-a-complete-beginners-guide/">cryptocurrency</a> addresses associated with the sanctioned entities. 
Blockchain analytics firm Chainalysis published a report analyzing cryptocurrency activity related to recent US sanctions against a China-based drug trafficking network. 
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 Yesterday, OFAC sanctioned several individuals and companies associated with a China-based drug trafficking ring that conducted at least some of its business using cryptocurrency. Learn more and see the on-chain activity here. <a href="https://t.co/Ydyr627eg1" target="_blank" rel="nofollow">https://t.co/Ydyr627eg1</a>— Chainalysis (@c…
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The post <a rel="nofollow" href="https://coinedition.com/u-s-sanctions-highlight-cryptos-role-in-drug-trafficking-network/">U.S. Sanctions Highlight Crypto’s Role in Drug Trafficking Network</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

U.S. Sanctions Highlight Crypto’s Role in Drug Trafficking Network

Coin Edition

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