Posted inChina

China arrests 1,100 for using the profits from crime to buy cryptocurrencies

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 […]