Chinese Authorities in Guangdong Province Freeze 4,000 Banks Allegedly Linked to OTC Cryptocurrency Desks Engaging in Money Laundering

Authorities in China’s Guangdong province have reportedly frozen around 4,000 bank accounts which might be linked to money laundering operations through Bitcoin (BTC) and other cryptocurrencies. Local sources said that Guangdong police officials have identified bank accounts that allegedly belong to virtual currency over-the-counter (OTC)… Read More
Read more in: Asia, Blockchain & Digital Assets, Politics, Legal & Regulation | Tagged china, crypto crime, financial crime, guangdong, illicit actitivies, money laundering, otc trading, over the counter trading