Popular Chinese Crypto Trader Taken to Court over Links to Money Laundering of Online Gambling Proceeds

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Hannah Wallace 14th May 2021 7:43 am An Hangzhou city district court has started the trial against one of the most notable crypto traders in China Zhao Dong, who has allegedly assisted Internet crimes, including money laundering associated with online gambling and other criminal activities. If found guilty, Mr. Zhao could face a jail sentence of up to three years, although he has already been detained for almost a year . The case has drawn massive attention, considering the fact that Zhao Dong has been one of the major figures in China’s crypto community since the beginning of 2010 and...