Police in China’s Zunyi City Bust a $124M Money Laundering Scam
14 Oct 2021

Police in China’s southwest region busted a group that was using cryptocurrencies to launder stolen money, which involved 800 million yuan (US$124 million), according to local media.

Authorities in Zunyi, a city in China’s Guizhou province, were on the case for two months, following a directive from the State Council, China’s minister cabinet, according to a report from a local news site.

By Eliza Gkritsi, CoinDesk, 13 October 2021

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