Brazilian Local Gov’t Chief & ‘Bitcoin Pharaoh’ Suspected of Crypto-powered Money Laundering

Brazilian law enforcement agencies have swooped on the home of a local government chief they suspect of heading a crime ring that laundered money using cryptoassets – along with a controversial figure named “the Bitcoin Pharaoh.” The raid took place at the home of the Armação de Búzios councilman Lorram Gomes da Silveira, Globo reported, and saw officers confiscate over USD 9,250 in cash....Read More: Brazilian Local Gov’t Chief & ‘Bitcoin Pharaoh’ Suspected of Crypto-powered Money Laundering