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China Arrests 1100 People Allegedly Using Cryptocurrency to Launder Criminal Proceeds

China Arrests 1,100 People Allegedly Using Cryptocurrency to Launder Criminal Proceeds – News Bitcoin News

Chinese authorities have announced that more than 170 criminal gangs have been eliminated and over 1,100 suspects arrested in the latest round of crackdown on criminal groups providing cryptocurrency money laundering services for telecom fraudsters. The Ministry of Public Security of the People’s Republic of China announced Wednesday that the fifth round of the “Broken Card” operation has been carried out.