China Arrests 1,100 for Money Laundering in Crypto Crackdown

China Arrests 1,100 for Money Laundering in Crypto Crackdown China Arrests 1,100 for Money Laundering in Crypto Crackdown Thursday, June 10th, 2021 at World by BLOOMBERG China arrested over 1,100 people in a sweeping crackdown on the use of cryptocurrencies for money laundering, adding to signs it's further reining in crypto-linked activities. Police busted more than 170 criminal groups that used cryptocurrencies to launder money in telecom scams to avoid being tracked down, the Ministry of Public Security said in a statement . The campaign spanned 23 provinces and cities, it added. Arrest figures were as of Wednesday afternoon. The…