Sen. Elizabeth Warren factors to crypto funds as facilitating fentanyl commerce in China

Massachusetts Sen. Elizabeth Warren has recommended a hyperlink between cryptocurrency funds and firms based mostly in China that offered precursors for the opioid fentanyl.

In a Could 31 listening to of the USA Senate Banking Committee on China, Warren pointed to a report from blockchain analytics agency Elliptic to recommend a connection between cryptocurrency and “unlawful drug transactions” at Chinese language corporations. Elliptic reported on Could 23 that 90% of roughly 90 China-based companies supplying fentanyl precursors had been prepared to simply accept cost in cryptocurrencies, together with (BTC).

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