China Arrests 93 For Crypto Related Money Laundering Bofa Says Crypto Is Acting As Risk Asset

China Reiterates Crypto Ban As Fundraising Scams Surge Authorities in china's hunan province arrested 93 people for allegedly laundering up to rmb 40 billion ($5.6 billion) using crypto. Using cryptocurrency, mou’s group was able to launder 40 billion yuan which converts into more or less $5.6 billion, chinese authorities say. following the clampdown, 93 suspects were arrested and more than 100 computers and mobile phones used by gang members were seized. funds amounting to 300 million yuan were also frozen in line with the case.

China Arrests 93 People Suspected Of Laundering 40b Rmb Via Crypto In the latest crackdown on cryptocurrency fraud, china said it arrested 93 suspects of a criminal group that allegedly engaged in a sophisticated nationwide conspiracy to launder up to us$5.6 billion using virtual currencies. Authorities in china's hunan province arrested 93 people for allegedly laundering up to rmb 40 billion ($5.6 billion) using cryptocurrencies, as the country continues to crack down on crime. Chinese authorities in hunan and other provinces have arrested 93 people suspected to be part of a criminal group that used cryptocurrency to launder 40 billion yuan ($5.6 billion), pandaily reported on tuesday, which noted that crypto trading was banned by beijing in september 2021. A local chinese media recently reported the arrest of 93 individuals involved in crypto related money laundering. according to the report, law enforcement agents in hengyang city discovered a criminal group that laundered 40 billion yuan using digital assets.

5 6 Billion Chinese Crypto Money Laundering Ring Busted Chinese authorities in hunan and other provinces have arrested 93 people suspected to be part of a criminal group that used cryptocurrency to launder 40 billion yuan ($5.6 billion), pandaily reported on tuesday, which noted that crypto trading was banned by beijing in september 2021. A local chinese media recently reported the arrest of 93 individuals involved in crypto related money laundering. according to the report, law enforcement agents in hengyang city discovered a criminal group that laundered 40 billion yuan using digital assets. According to a local coverage, the chinese police arrested 93 individuals in the city of hengyang on suspicion of laundering around $5.6 billion using digital assets. There were 93 people arrested for reportedly laundering up to rmb 40 billion, or $5.6 billion. it comes as china has made an effort to crack down on crypto being used for crimes as well. Join #consensus2023, the most important conversation in crypto and web3, happening april 26 28 in austin, texas. tickets on sale now: bit.ly 3xxiq17i. Authorities in china's hunan province arrested 93 people for allegedly laundering up to rmb 40 billion ($5.6 billion) using crypto.