China Cracks Down on Bitcoin Money Laundering Ring, Seizes Over 2 Million Yuan in Crypto

China, well-known for its stringent regulations on Bitcoin and other cryptocurrencies, has executed yet another significant operation. According to local news agency sxgov, law enforcement in China’s Shanxi Province has dismantled a money laundering gang using cryptocurrencies, arresting 11 suspects. The authorities seized over 2 million yuan worth of cryptocurrencies from the gang. The arrested

Source: CoinOtag