Chinese Billionaire's Alleged Fraud Scheme Unravels
Chinese billionaire Ho Wan Kwok faces RICO charges, with his cryptocurrency venture embroiled in a multimillion-dollar fraud and money laundering scandal.
EdmundChinese billionaire Ho Wan Kwok faces RICO charges, with his cryptocurrency venture embroiled in a multimillion-dollar fraud and money laundering scandal.
EdmundIn 2023, there will be a transition from bull to bear. At this time, the CEX track is also facing a major reshuffle.
JinseFinanceRecently, the People's Bank of China released the "China Financial Stability Report (2023)". In the chapter on other industries and emerging risks, the report points out that crypto-assets have both financial and digital technology risks.
JinseFinanceChina has unveiled new developments in their central bank digital currency project
ClementIn a recent legal development, a court in Tongliang, China, situated near Chongqing, has issued sentences to 21 individuals involved in converting the proceeds of online fraud and illegal casinos from Tether (USDT) to Chinese Yuan (RMB).
JoyThese acts were reportedly seen taking place in Binance offcial Chinese language chat rooms.
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CoindeskTether, which is the largest stablecoin issuer by market capitalization, added its offshore Chinese Yuan (CNHT) to the Tron network.
OthersOver 4,567,000 merchants across the country now accept the e-CNY as payment.
Cointelegraph“If a rich person is worried that his account might be frozen because of sanctions, he can simply hold his wealth in Bitcoin,” Mati Greenspan said.
Cointelegraph