Hong Kong busts $150m crypto money-laundering ring

Hong Kong’s Customs and Excise Department yesterday arrested four men over alleged money-laundering using cryptocurrency. The Department says it detected multiple transactions in a coin named “Tether”, with value bouncing between a crypto exchange, local banks, another crypto exchange, and banks in Singapore. HK$1.2bn (US$ …

[Allan George Dyer]

Not a flight risk?

So these four have been released on bail. Didn't the Police consider that they might have another, undiscovered, stash and they could flee with it? Meanwhile, many people arrested under the National Security Law for holding a primary election have been held in jail for months because of the risk of them doing the same again.

An interesting feature of the anti-doxxing law is that Hong Kong staff of overseas websites could be jailed, according to Constitutional and Mainland Affairs Secretary Erick Tsang, “A lot of these overseas platforms will have operational or management staff in Hong Kong. We can catch these people”.

[Potemkine!]

Corruption?

"So these four have been released on bail. Didn't the Police consider that they might have another, undiscovered, stash and they could flee with it? "

There are tenth of $millions involved. I guess these 4 guys have many more connections than pro-democracy protesters. How many in the Party got their share of laundered money?

[PassiveSmoking]

"the law is not needed as its own content takedown procedures are adequate"

Ahahahahaha, that' cute!

If anti-doxxing takedoens were adequate then how come so many people get harassed and victimised by people doxxing them?

[Anonymous Coward]

> If anti-doxxing takedoens were adequate then how come so many people get harassed and victimised by people doxxing them?

If laws are so effective, why are there still crimes in this world?

[pavelpavlov]

Nvidia is already shipping new GeForce RTX 30 GPUs with hardware mining protection

So it will be possible to mine only on AMD Radeon chips, which remain the cheapest and most loyal to users, I don’t understand what interest NVIDIA has in prohibiting mining