Key Takeaways:

• The Federal Police arrested MC Ryan SP in a $320M crypto laundering ring, with suspects facing charges next.
• Operation Narco Fluxo busted a $320M crypto ring across 8 states, seizing assets to possibly compensate victims next.
• In November, Fernando Haddad noted Brazil will increasingly target future illicit crypto flows next.

Operation Narco Fluxo Disbands $320 Million Crypto Money Laundering Ring

Brazil keeps battling crypto crime and has completed yet another large operation to curb the illicit use of digital assets.

According to local media, the Federal Police arrested MC Ryan SP and MC Poze do Rodo, two popular funk singers, as part of the procedures of Operation Narco Fluxo, a high-profile operation that thwarted…