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.
![image Edmund](https://image.coinlive.com/24x24/cryptotwits-static/2488f86d7c9c42855a452b202bf85f6c.png)
Chinese billionaire Ho Wan Kwok faces RICO charges, with his cryptocurrency venture embroiled in a multimillion-dollar fraud and money laundering scandal.
In 2023, there will be a transition from bull to bear. At this time, the CEX track is also facing a major reshuffle.
Recently, 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.
China has unveiled new developments in their central bank digital currency project
According to some estimates, around 5.6 million merchants now accept the digital currency as payment.
The China Merchants Bank, in collaboration with the Civil Aviation Administration Clearing Center, has launched an e-CNY platform enabling companies and entrepreneurs to pay for business air tickets using the digital yuan.
Filecoin has a market cap of just over $2.4 billion, and has a storage capacity of more than 13.41 exabytes (1 exabyte is equal to 1 million terabytes).
ALSO: Here's why it's important Bitcoin hits $30,000
Tether, which is the largest stablecoin issuer by market capitalization, added its offshore Chinese Yuan (CNHT) to the Tron network.
Over 4,567,000 merchants across the country now accept the e-CNY as payment.