The Department of Justice announced Tuesday that it had arrested more than 35 people and seized more than $23.6 million in assets in the “first nationwide undercover action to target vendors of illicit goods on the Darknet.” Over the course of a year, Homeland Security Investigations (HSI) agents posed as money launderers who were helping narcotics and weapons dealers convert cryptocurrency into U.S. dollars. A cache of around 2,000 Bitcoins, which are worth more than $20 million, make up the bulk of the seized assets. Agents also seized Bitcoin mining equipment, 333 bottles of liquid synthetic opioids, and a grenade launcher.
Is India About To Reverse Its Crypto Trade Ban?
On July 20, the Supreme Court of India might review the RBI crypto ban.
U.S. Congress Strikes Positive Tone on Cryptocurrency in Latest Hearing
A U.S. House subcommittee struck a postive tone on cryptocurrency during a hearing held on Wednesday in the nation's capitol.
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