Bank of Mexico Restricts Banks from Bitcoin Use, Reports Suggest

US is testing a few things through its proxy neighbors. Nothing new.

In all seriousness, the cartels are picking up on this concept gradually. There is literally no way for investigators to stop the flow of proceeds from their criminal enterprises via crypto currencies. There are stash houses throughout the US in upper middle class neighborhoods with rooms stuffed in US currency that the cartels cannot get back south across the border. With all forms of crypto this problem is solved. However, the immediate conversion back into local fiat is another issue that would attract attention if it were even possible in one transaction. I cannot fathom someone sitting on the south side of the border with a U-Haul full of cash just waiting to exchange it for crypto. There is also the laundering aspect. I suspect quite a bit is being shifted to Western Europe, split multiple times, and funneled through various legitimate connections (businesses likely connected to South American exports) and returned into Mexico via fiat banking as profits.

The old days of stuffing a million in cash in the dashboard, doors, and engine compartment are numbered. Sometimes smaller amounts are sent through as "suicide" loads to distract from the mother load coming right behind. Yep, law enforcement is light years behind in technology with the exception of a couple.

that was what i was thinking as well.. someone posted pictures of a cartel mansion, and there was crazy stacks of cash lying around. they have so much money that it's impossible to hide.. at least without bitcoin.

I have some old photos of ones around the DFW area in TX. It is a scary feeling walking in and finding that stuff because we knew there were some heavy guns within a block or two ready to rescue the currency. So far the cartels have avoided the kind of open conflict with US law enforcement unlike they do with LE in their own countries. As the noose tightens this reservation is changing from one of not stirring the sleeping bear to one of necessity to retain their profits. An old FBI Agent teaching us intelligence information said that the level if violence we see in Mexico against its government is the same level of violence the IS will see in 5 years. He told us this three years ago and it coming true if you keep up with the headlines.

Bitcoin can eliminate unnecessary violence if you ask me.

well on the flip side, it can provide an easier way for the cartels to stash their money away and evade law enforcement.

Any criminal can misuse technology. Internet fraud doesn't mean the internet is a problem. Of course your average low information thinker won't realize this.