China, well-known for its stringent regulations on Bitcoin and other cryptocurrencies, has executed yet another significant operation. According to local news agency sxgov, law enforcement in China’s Shanxi Province has dismantled a money laundering gang using cryptocurrencies, arresting 11 suspects. The authorities seized over 2 million yuan worth of cryptocurrencies from the gang. The arrested suspects allegedly purchased cryptocurrencies at low prices and sold them at higher prices, la...
