China arrests 1000 for cryptocurrency money laundering


Source: iol.co.za iol.co.za

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Officials have started to turn a sharp eye towards cryptocurrency miners to prevent speculation and stamp out money laundering. Picture: Pixabay China arrests 1000 for cryptocurrency money laundering By AFP Email Share China has arrested more than a thousand people for using the profits from crime to buy cryptocurrencies, security officials said, as part of a growing crackdown on the industry. The country's bitcoin mines power nearly 80 percent of the global trade in cryptocurrencies, although trading in China is banned. Officials have started to turn a sharp eye towards cryptocurrency miners to prevent speculation and stamp out money laundering....