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Brazil Police Raids Gang, Alleges Crypto Use For Laundering Illegal Gold Mining

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by COINS NEWS 181 Views

tldr; Brazil's federal police on Thursday carried out an operation against an alleged criminal gang that it said used crypto tokens to launder money made from illegal gold mining. Police arrested five people and served 60 search and seizure warrants in the operation. The criminal group used its own crypto token to move around billions of dollars, among other money laundering methods, the police said.

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