News Snapshot:
China crackdowns on cryptocurrency fraud, over 1100 detained Thursday 17 June 2021 09:29 CET | News China has rounded up more than 1,100 suspects and dismantled over 170 criminal groups believed to have used cryptocurrency to provide money transfer and laundering services for telenetwork scams. On 9 June 2021, police carried out the simultaneous operations in 23 provinces, autonomous regions, and municipalities to uncover the scams, according to a press release published by the Ministry of Public Security. Fraudulent networks usually transferred stolen money into the bank account of a ‘coin farmer’, who then would purchase and transfer virtual currency...