Police in China arrested 63 people accused of laundering ¥12 billion ($1.72 billion) via crypto.
The Public Security Bureau of Inner Mongolia’s Tongliao city in northern China stated that starting from May 2021, this criminal group converted the proceeds from illicit sources – including pyramid schemes, fraud, and gambling – into the major stablecoin Tether (USDT)….
Read More: Group Arrested in China for Laundering $1.7 Billion in Cryptocurrency – This is What Happened
The Public Security Bureau of Inner Mongolia’s Tongliao city in northern China stated that starting from May 2021, this criminal group converted the proceeds from illicit sources – including pyramid schemes, fraud, and gambling – into the major stablecoin Tether (USDT)….
Read More: Group Arrested in China for Laundering $1.7 Billion in Cryptocurrency – This is What Happened
