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US Treasury Imposes Sanctions on Several Chinese Crypto Wallets Linked to Illegal Drug Dealers

The US Department of Treasury has imposed sanctions on cryptocurrency wallets of China-based chemical companies and individuals tied to illegal production and trafficking of fentanyl. The blocked wallets apparently “rece...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

US Treasury Imposes Sanctions on Several Chinese Crypto Wallets Linked to Illegal Drug Dealers
The US Department of Treasury has imposed sanctions on cryptocurrency wallets of China-based chemical companies and individuals tied to illegal production and trafficking of fentanyl.
The blocked wallets apparently “received millions of USD funds over hundreds of deposits,” Deputy Treasury Secretary Wally Adeyemo said during a press conference on Tuesday.
“We have identified and blocked over a dozen virtual currency wallets associated with these actors.”...
Read More: US Treasury Imposes Sanctions on Several Chinese Crypto Wallets Linked to Illegal Drug Dealers

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