The Central Bank of Brazil announced it would discontinue the platform used to run drex, the Brazilian CBDC initiative, during its first two phases. Fabio Araujo, the project’s coordinator, stated that drex would pivot to a platform to facilitate the use of assets as collateral. Central Bank of Brazil Winds Down Drex CBDC Platform, Pivots […]
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Key TakeawaysFinCEN analyzed 33,904 reports tied to $12.7 billion in suspected activity.Suspected scam activity affected people across every U.S. state.Criminal networks used stablecoins, shell companies, and money mules....
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