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British police say Russians used cryptocurrency to help launder billions in UK drug gang profits

8 0
05.12.2024

During the 2021 pandemic lockdown, drug gangs in the United Kingdom ran into a problem: They had too much cash.

Without being pumped back into the legitimate economy, according to the BBC, piles of cash were essentially useless to the UK gangs, being too traceable to use in order to buy more drugs to sell. The gangs needed to offload the dirty cash, and do it discreetly.

That’s when Smart and TGR, two Moscow-based cryptocurrency groups, came into........

© Salon


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