China arrests over 1000 for using cryptocurrency to help launder proceeds of phone scams

China’s crackdown on cryptocurrencies has reached a new crescendo, with the nation’s Ministry of Public Security on Wednesday proclaiming it has arrested over 1000 people and shut down 170 gangs that provided crypto-linked money-laundering services. The Ministry’s announcement says it detected, and dismantled, gangs that …

[Dinanziame]

If I was suspicious, I'd say the party leaders have sold all their bitcoins, so it's time to depress the currency so they can buy the dip

[Kevin McMurtrie]

Remember, kids

Chinese crime gangs targeting Chinese = bad

Chinese crime gangs targeting other countries = OK

[Pascal Monett]

But, but

They said I would be anonymous !