imageCryptocurrency5 hours ago (Jun 29, 2020 12:40PM ET)

The US Plan to Monitor Illegal Crypto Activities More Sufficiently

The COVID-19 pandemic has crushed businesses, crippling life all across the world. It is costing darknet drug traffickers millions as well because their methods of moving drugs and funds have been compromised during the lockdown, according to a blog post by Chainalysis.

“Darknet market revenue has fallen much more than we’d expect following Bitcoin’s recent major price drop,” Chainalysis reported, noting that supply problems for Mexican drug cartels and dealers in China’s Hubei province could be “hampering darknet market vendors’ ability to do business.” “Perhaps darknet market customers aren’t buying as many drugs given the public health crisis,” Chainalysis wrote, adding:

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The US Plan to Monitor Illegal Crypto Activities More Sufficiently

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