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China arrests 1,100 over cryptocurrency money laundering – ABC News
The country’s Bitcoin mines power nearly 80 per cent of the global trade in cryptocurrencies but trading in China is banned.
China has arrested more than 1,000 people for using the profits from crime to buy cryptocurrencies, security officials say, as part of a growing crackdown on the industry.
- The launderers charged clients a commission to convert illegal proceeds into virtual…
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