The US government has released a series of advisory notes, one of which specifically looks at the role played by cryptocurrencies in the buying and selling of illegal substances such as fentanyl. Published on Wednesday, the advisories are focused on four facets of illegal drug trafficking: manufacturing, marketing, movement, and money. The money advisory states that “convertible virtual currencies,” such as Bitcoin, Bitcoin Cash, Ethereum, and Monero can be used to buy and sell drugs online.
Similar Stories to Us Government Knows You’re Buying Opioids With Bitcoin — And It Doesn’t Like It on Bing News
Yessi Bello Perez, The Next Web
Thu, 08/22/2019 - 4:20am
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Bitcoin appears to be conforming more to the conventional viewpoints of traditional investors who have recently entered the digital asset world through the introduction of US exchange-traded funds.
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Block Inc. lifted its full-year profit guidance and revealed plans to invest a portion of its profits from Bitcoin back into the assets, as Jack Dorsey’s company bets big on the currency’s future.
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Bitcoin’s all-time high was on March 14, 2024, trading at $73,835.57 per bitcoin. The lowest intraday price that the crypto traded in the past year was $24,780.17 on June 15, 2023. The original crypto ...
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