The post Chinese Officials Crack Down On Cryptocurrency Money-Laundering appeared first on Coinpedia Fintech News
The 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 …
