Tuesday, May 21, 2024
Home > Exchanges > Chinese Police Arrest Six People for Illegal Crypto-Based Currency Operation: Report

Chinese Police Arrest Six People for Illegal Crypto-Based Currency Operation: Report

The operation used domestic accounts to receive and transfer funds while exploiting the anonymous, borderless characteristics of over-the-counter virtual currency trading to exchange between the yuan and South Korean won. Users included Korean purchasing agents, e-commerce firms and import/export companies, among others, according to the report.

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