Quote from: Alikhaki123 on Today at 01:12:41 PM

China's Ministry of Public Security said the men laundered money through telephone and internet fraud and used cryptocurrencies in the way.

The arrest comes as Chinese authorities have expanded their crackdown on cryptocurrency trading in recent months. The country last month banned three financial services and payments industry entities related to cryptocurrencies, and china's State Cabinet Council promised to tackle mining and trade between Kevin.

As of Wednesday afternoon, more than 170 criminal groups involved in money laundering processes had been involved in money laundering processes, China's Ministry of Public Security said in a statement regarding the arrests.

well , it looks like the money laundering from cryptocurrencies is quite large. These are the consequential aspects of the development of the technology industry, precisely because of anonymity and instant transactions the bad guys have grasped this and took advantage of that special feature of BTC, because every transaction anonymously this has partly contributed to the increasing crime