China arrests 1,100 suspects for laundering illicit funds through crypto

Home News Cryptocurrency China arrests 1,100 suspects for laundering illicit funds through crypto China arrests 1,100 suspects for laundering illicit funds through crypto By: Jinia Shawdagor Jinia is a cryptocurrency and blockchain enthusiast based in Sweden. She loves everything positive, travelling, and extracting joy and happiness from... Police officers busted more than 170 criminal groups after a recent crackdown. Per China's Ministry of Public Security, the launderers charged commissions of up to 5%. China's Payment and Clearing Association claims criminal activities involving crypto are on the rise. Chinese police officers have arrested more than 1,100 people suspected of using cryptocurrencies…