Cryptocurrency-Related Money Laundering Ring Busted by China

Cryptocurrency-Related Money Laundering Ring Busted by China, Over 1,100 Arrested

Police in China arrested over 1,100 people suspected of using cryptocurrencies to launder illegal proceeds from telephone and Internet scams in a recent crackdown, the Ministry of Public Security said. The arrests came as authorities in China step up their crackdown on cryptocurrency trading. Last month, three industry bodies banned crypto-related financial and payment services, … Read more