Brazilian police say they dismantled a crypto-powered money laundering network on January 20, with officers freezing or confiscating $126 million worth of cash and other assets. The network laundered money for criminal groups based both in Brazil and abroad, federal police said in a statement. Officers did not mention which cryptocurrencies the group allegedly used. “The network has moved more than [$7.3 million] worth of illicit funds through coordinated operations involving affiliates and shell companies,” police said. The operation, codenamed Narco Azimut, is the latest in a series of crackdowns on the use of ... (full story)