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coinpedia 2022-09-28 09:50:07

Chinese Officials Crack Down On Cryptocurrency Money-Laundering

The post Chinese Officials Crack Down On Cryptocurrency Money-Laundering appeared first on Coinpedia Fintech NewsThe Hengyang (a city in China) police imprisoned 93 individuals for using cryptocurrencies for money-laundering activities. The criminal group allegedly employed cryptocurrencies for money laundering of 40 billion yuan (approximately $5.6 billion). The operation carried on by the police was called “Hundred-day Action,” in which the authorities raided 10 physical sites, seized more than 100 …

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