đ˘Attention DeFi & Web 3 enthusiasts!đĄFinCEN's updated advisory warns U.S. financial firms about crypto's role in illegal fentanyl trafficking.đ¨
đThey're eyeing four tokens - bitcoin, ether, monero, and tether. But hey, we've heard this crypto-crime story before, haven't we?đľď¸ââď¸
đ˛đ˝Mexican cartels are reportedly using these digital assets to buy fentanyl-making materials from China. Payments end up in Chinese suppliers' crypto wallets, sometimes via a secondary money transmitter.đ
đThis isn't new, folks! The advisory is just an update from 2019, reflecting issues already highlighted by U.S. authorities.đ
đSo, what are your thoughts on this? Is crypto the villain or just a tool misused by villains? Let's chat in the comments!đ #DeFi #Web3
P.S. Remember, if it's not about DeFi or Web 3, it's a "no-go" for this convo!đŤ