China arrests 1,100 people for cryptocurrency money laundering

0 50

China has arrested more than 1,000 people for using crime proceeds to purchase cryptocurrencies, security officials said as part of a growing crackdown on the industry, the country’s bitcoin mines control nearly 80% of the world’s cryptocurrency trade. Despite being traded in China, officials have begun to watch out for cryptocurrency miners to avoid speculation and eradicate money laundering.

You might also like