Chinese Authorities

Chinese Authorities Dismantle $295 Million Illegal Crypto Ring

The Chinese government has shut down illegal crypto banking activities through the Panshi City Public Security Bureau in Jilin Province. Local media reported the perpetrators exploited crypto’s anonymity for illegal foreign exchange. The report revealed that Chinese security officials arrested six people involved in purchasing foreign exchange using cryptocurrencies. $295 Million Moved Across Borders Using Crypto Channels…

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