Alex Coin 
According to information from the Spanish National Police, the drug trafficking group laundered the proceeds through cryptocurrencies.
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The National Police of Spain, in a joint operation with the Civil Guard of that country, arrested seven people living in Seville, in the south of the nation, as alleged perpetrators of a crime of belonging to a criminal organization, against public health, illegal possession of weapons of war and money laundering through cryptocurrencies.
As reported by the police in a press release, the operation began early last year, when investigators became aware of a large-scale drug trafficking network a network refers to all nodes in the operation of a blockchain at any given moment in time. supplying cocaine to other drug traffickers in the city of Seville.
The operation, known as Grande-Tragadera, managed to dismantle a sophisticated drug trafficking network that used, in turn, a network of companies dedicated to the purchase and sale of vehicles, workshops and other companies to launder the money obtained from drug trafficking. In addition, the proceeds were used for capital capital is most commonly defined as the large sum of money you would use to invest. investment in cryptocurrencies.
The National Police and the Civil Guard carried out the operation in three separate phases, in which more than 20 high-end vehicles, two motorcycles, more than 200,000 euros in cash cash is the most liquid form of money: physical coins and banknotes in the most narrow sense of the term. and approximately 20 kilograms of cocaine were seized. On the other hand, car companies have been sealed and fiat fiat currency is “legal tender” backed by a central government, such as the Federal Reserve, and with its own banking system, such as fractional reserve banking. It can take the form of physical cash, or it can be represented electronically, such as with bank credit. money and cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. accounts have been blocked.
Three phases of an operation
In the first phase, the agents arrested the transporter of the organization with approximately 20 kilograms of cocaine hidden in a vehicle coming from Portugal. The second phase concluded with the search of several companies belonging to the network. The weapons of war, more than 200,000 euros in cash and some vehicles were found there, as well as precise documentation documentation is a part of token economies that stores all the details of an asset on the blockchain. on the organization.
The cocaine was transported hidden in “coves”, prepared by the organization with sophisticated electronic systems so as not to be detected. Some weapons of war were ready to be used, with plenty of ammunition, including an AK-47, a Z-45 submachine gun, shotguns and revolvers. The third phase concluded with nine searches in companies in Seville and Cadiz, in which documentation was seized from tax companies, cryptocurrency investment accounts and buying and selling vehicle companies.
The detainees were brought before the Court of Instruction No. 1 of Alcalá de Guadaíra, which ordered the imprisonment of the transporter of the organization and the release of the other detainees. The investigation is still open to locate the whereabouts of the ringleader of the criminal network.
More cases
It is worth noting that this is not the first time that drug trafficking groups have been associated with laundering money with cryptocurrencies. In May of last year, for example, the Argentina’s Public Prosecutor’s Office requested sentence of up to 15 years in prison for a group of seven people involved in drug trafficking, who legitimized part of the capital used through the use of cryptocurrencies. There are also reports of their use by powerful drug trafficking networks. drug trafficking in Venezuela.
However, some studies suggest that illicit activity with Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. is minimal in relation to legal activity.
Sources: Police statement , archivo
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