China Uncovers $111.36M Crypto Money Laundering Operation Linked to Fraud and Gambling

China Uncovers $111.36M Crypto Money Laundering Operation Linked to Fraud and Gambling Chinese authorities have uncovered a large-scale crypto money laundering operation involving around 800 million yuan (equivalent to $111.36 million), according to JinSe Finance, citing a report from Guangming Net. Beijing police revealed that the organization was allegedly laundering criminal proceeds from telecom fraud

Source: Bitcoin World