U.S. Designates Brazilian Gangs as Global Terrorists, Impacting Crypto Market
- Comando Vermelho (CV) and Primeiro Comando da Capital (PCC) are designated as Specially Designated Global Terrorists by the U.S.
- The Foreign Terrorist Organizations (FTO) status for these groups is set to begin on June 5.
- The PCC has been using bitcoin mining for money laundering across Brazil.
- Senator Flavio Bolsonaro lobbied for the designation of these groups due to their criminal activities.
- Operation Contenção in Rio de Janeiro recently uncovered a PCC-controlled crypto mining operation, seizing dozens of ASICs.
The U.S., under the Trump Administration, has intensified its stance against international criminal organizations by designating CV and PCC as global terrorists due to their extensive drug trafficking and use of cryptocurrency for money laundering activities.
