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US Treasury sanctions crypto wallets as authorities crack down on fentanyl

The Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury has sanctioned crypto wallets allegedly connected to individuals and companies involved in the production of fentanyl.In an Oct. 3 notice, the U.S. Justice Department announced indictments against several China-based chemical manufacturers as well as many

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Tether treasury receives two $50M USDT lump sums from Bitfinex

Two 50 million Tether (USDT) transactions have been transferred from Bitfinex to the “Tether Treasury” address, according to transfer receipts from Whale Alert. Both transactions took place on Oct. 2, 2023, two minutes apart. The first lump sum of 50 million USDT occurred at 9:43 am UTC and was worth $50,039,125.

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US Treasury sanctions Ethereum wallet tied to cartel over ‘illicit fentanyl trafficking’

The Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury has added a crypto wallet allegedly connected to a major international crime syndicate as part of its list of Specially Designated Nationals.In a Sept. 26 announcement, the U.S. Treasury said it had sanctioned 10 individuals,

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Sarah Breeden, Incoming Bank of England Deputy Governor, Reiterates Crypto Risks, Supports CBDC at Treasury Committee

"Crypto is an asset that has no intrinsic value, whose price could go to zero and therefore investors should be prepared to lose all of their money," Breeden said. "That megaphone about the risks in it has been consistent and very clear. However, that technology, I think has got the

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