Chinese Authorities Crack Down on $5.6B Crypto-Related Money Laundering
Authorities in China’s Hunan province have recently busted a criminal group that used cryptocurrency to launder 40 billion yuan ($5.6 billion). The trade of digital currencies was banned in the country last September.
Police in Hengyang, a county in China’s southern province of Hunan alleged that the criminal group had been buying crypto…
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