Marijuana, Ketamine ... And Bitcoin Mining Farm? Chilean Drug Raid Uncovers Crypto Surprise
Portfolio Pulse from Benzinga Neuro
During a drug raid in Chile, police discovered a Bitcoin mining operation suspected to be used for money laundering. The authorities seized 19 mining machines, with only 10 being operational due to limitations of the local electrical grid. This is the first time drug trafficking has been directly linked to cryptocurrency mining in the country.
September 21, 2023 | 8:37 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The news of a Bitcoin mining operation being used for money laundering in Chile could potentially impact the perception of Bitcoin, possibly leading to increased regulatory scrutiny.
The discovery of a Bitcoin mining operation being used for money laundering could lead to increased regulatory scrutiny and potential negative sentiment towards Bitcoin. This could potentially impact the price of Bitcoin in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100