Chinese Police Bust $296M Illegal Crypto-Based Currency Operation: Report

Chinese Police Bust $296M Illegal Crypto-Based Currency Operation: Report

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Source: Coindesk.com

Chinese police identified what they called an "underground bank" providing illegal currency conversion services. The operators exploited crypto's anonymity and ease of cross-border transfers to provide the service, China News Service reported.

Chinese police arrested six people involved in using cryptocurrency to provide an illegal currency conversion operation that handled some

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Source: Coindesk.com

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