[Brazilian Police Dismantle Drug Trafficking Ring Using Cryptocurrency for Money Laundering, Arrest 13 and Freeze Nearly $200 Million in Assets] According to News.bitcoin, Brazil has dismantled a drug trafficking ring that has smuggled over 6.5 tons of cocaine to Europe since 2021. The group used cryptocurrency for money laundering to conceal the proceeds from exporting drugs to Europe. The operation spanned regions including São Paulo, Minas Gerais, Santa Catarina, and Espírito Santo, resulting in 13 preventive arrests and 44 search and seizure actions. The court ordered the seizure and freezing of assets valued at up to 1 billion reais (approximately $196 million).