China Sets Legal Precedent in $111M Crypto Money Laundering Bust

Beijing police uncovered a massive money-laundering network that allegedly moved 800 million yuan (approximately $111.36 million) through cryptocurrency transactions linked to telecom fraud and online gambling. This criminal operation exploited overseas cryptocurrency platforms to conceal the origins of illegal funds, creating a challenge for Chinese authorities combating cyber and financial crimes. New Legal Milestone: First The post China Sets Legal Precedent in $111M Crypto Money Laundering Bust appeared first on Coin Edition .

Source: Coin Edition