Brothers, I just came across a heavy news, with a huge amount of information behind it.
The Argentine police have dismantled a super network that was laundering money using cryptocurrency, involving an amount as high as 1.8 trillion pesos, approximately 12 billion US dollars. The methods were very professional: forging documents to defraud bank loans → money enters the cryptocurrency platform to exchange for coins → transferred to wallets. Some transactions even disguised as crypto arbitrage to mislead.
Brother Niu highlights for everyone what this means for the market:
The regulatory iron fist has arrived: this is not just small-time stuff. This time, Argentina has conducted joint law enforcement operations in multiple places, directly arresting core personnel. This indicates that global regulatory agencies' crackdown on illegal funds transfer using cryptocurrency has moved from investigation and warning to the substantive stage of netting. This serves as a serious warning for those attempting to use the anonymity characteristic of the crypto market for money laundering.
Pseudo-demand squeezed out: Among the 12 billion US dollars involved, a considerable part may have flowed into the market in various forms in the past, creating a certain purchasing pseudo-demand. With such networks being dismantled and the relevant funding chains severed, it may reduce abnormal capital inflows into the market in the short term, creating sentiment or actual selling pressure on certain currencies that may have been used as transfer assets.
Compliance is the way to go: The news mentioned that the involved personnel were not registered with the local PSAV. This once again highlights that globally, the compliance registration and KYC/AML requirements for trading platforms will become increasingly strict. For ordinary investors, choosing fully compliant trading platforms with complete licenses is the first line of defense to protect their asset safety.
In the short term, such news may exacerbate market concerns about tightened regulations, especially speculation related to large amounts of illegal capital flows, which will suppress market risk appetite. However, in the long run, eliminating illegal activities conducted with cryptocurrency and purifying the market environment is a necessary detoxification process for the healthy development of the industry. True value is always built on legality, compliance, and genuine utility.
When the storm comes, the first to be blown away are the rootless floating weeds. We retail investors must stay steady and avoid any funds of unclear origin, trade on compliant platforms, and hold on to the value assets we believe in.
I am Brother Niu, follow me, and I will help you penetrate the news and see through the essence.
