According to BlockBeats, on September 13, the Brazilian Federal Police recently launched an operation called “Niflheim” to combat huge money laundering activities through cryptocurrencies. The operation targeted three major organizations, and the police seized and froze approximately $1.58 billion in assets.
Since the investigation began in 2021, the organizations are alleged to have laundered up to $9.7 billion, mainly from drug trafficking and smuggling. The operation shows the widespread use of cryptocurrencies in illegal activities, raising concerns about global regulation.
