OFAC sanctioned six Ethereum addresses linked to a Sinaloa Cartel money laundering network that converted drug proceeds into crypto as part of action against 11 individuals and two entities. The move raises compliance risks for crypto exchanges and virtual asset service providers by highlighting the cartel's use of blockchain technology.
The sanctions highlight how cartel-linked money laundering networks are using digital assets alongside cash couriers and front businesses.
This raises sanctions compliance risks for crypto exchanges and other virtual asset service providers.
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Coinbase launched pre-IPO markets with perpetual futures on SpaceX for non-US users allowing 24/7 trading settled in USDC that automatically transitions post-IPO. The move intensifies competition among crypto platforms to offer synthetic private market exposure as the tokenized RWA sector expands rapidly to $51 billion.
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