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Chinese Authorities Crack Down on $5.6B Crypto-Related Money Laundering
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Chinese Authorities Crack Down on $5.6B Crypto-Related Money Laundering

Sep 28, 2022
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Chinese Authorities Crack Down on $5.6B Crypto-Related Money Laundering
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Chinese Authorities Crack Down on $5.6B Crypto-Related Money Laundering
(Source: Knowlab)

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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