China says it arrested over 1,100 suspects and busted 170 criminal gangs in a crypto-related money-laundering crackdown


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Business Insider Jun 10, 2021, 6:00 am 21 pts Yuriko Nakao/Getty Images China arrested more than 1,100 suspects on charges of money laundering using cryptocurrency. Criminal clients paid up to 5% commission for conversion of dirty money into crypto, it said. The country banned financial institutions from offering crypto services about a month ago. Sign up…