China busts massive $5.6B cryptocurrency gambling ring, arrests 93
Written by: ( September 27, 2022 )
Recently, authorities in China’s Hunan Province busted a criminal group using cryptocurrency to launder $5.6 billion as part of a larger illegal gambling operation. The country has a long-standing ban on all forms of gambling, except in its special administrative region of Macau. It also banned cryptocurrency trading a year ago. Police in Hengyang, located […]