China’s Role in Global Crypto Crime: From North Korea to Mexican Drug Cartels, According to TRM Labs

A new report from blockchain intelligence firm TRM Labs highlights China’s emerging influence in facilitating cryptocurrency-related crimes worldwide. The analysis details how Chinese entities allegedly provide technical infrastructure and financial channels supporting illicit activities ranging from North Korea’s cyber operations to money laundering for Latin American cartels. TRM’s findings point to China’s complex position in the crypto ecosystem, where despite domestic restrictions, certain actors continue enabling cross-border digital asset crimes. The report underscores growing concerns among global regulators about the geopolitical dimensions of crypto-related financial crimes and their potential national security implications.

Daily Debrief Newsletter