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🇧🇷 Brazil received ~$318B in crypto this past year—1/3 of LatAm’s total value. But growth attracts more than legitimate users.
Our latest research reveals:
- Cartel money laundering is the largest identified category of illicit inflows.
- Russian sanctions evaders are increasingly utilizing local exchange infrastructure.
- ~80% of illicit volumes went to just 5 deposit addresses.
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