In a Senate hearing, a top U.S. Treasury official said Chinese drug makers have found crypto payments “appealing,” and Warren cited Elliptic research to back a push for legislation.
Law enforcement can learn how to track illicit activity, but outright crypto bans aren’t effective, a report commissioned by the EU's monitoring body for drugs concluded.
Amit Shah made the remarks as authorities are reportedly looking at three Indian crypto exchanges for allegedly facilitating transactions of illegal drugs.
Novel psychoactive chemicals with names like 2C-B, AMT and 5-MeO-DMT are freely available at online marketplaces and digital currencies help facilitate the global trade.
Better banking regulation must pass, but why wait for banks to protect cannabis when crypto offers solutions today? This post is part of Payments Week.