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Bitcoin Leads Crypto Transactions for Chinese Drug Precursor Manufacturers Amid Sharp Increase in 2024 Deposits

Bitcoin Leads Crypto Transactions for Chinese Drug Precursor Manufacturers Amid Sharp Increase in 2024 Deposits


CoinOtag
2024-06-15 21:45:58

Blockchain intelligence firm TRM Labs has reported a significant increase in cryptocurrency deposits into addresses linked to Chinese drug precursor manufacturers in early 2024 compared to the same period in 2023. In 2023, these Chinese networks amassed over $26 million in digital currencies, with 97% of the studied manufacturers accepting cryptocurrency payments. A dramatic 600%


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