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

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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.

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.

This discovery highlights the ongoing challenges faced by law enforcement in tracking illegal financial activities within the digital currency space, particularly as criminals exploit crypto’s borderless and pseudonymous nature.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: IndiaChina

Topics: China Crypto Money Laundering Operation Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 05:07:53 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 1022 words

Reading Time: 6 minutes read

Sentences: 52 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 23457142

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About BitcoinWorld

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