Hong Kong Authorities Bust $1.5 Billion Crypto-Backed Money Laundering Ring—Here’s How

In a bust that once again reveals the dark side of cryptocurrency usage, the Hong Kong Customs cracked down on a sophisticated money laundering operation, seizing assets and making several arrests. According to the press release by the Hong Kong Government, the operation to bust this money laundering scheme is dubbed “Fencing,” and it particularly […] source: https://bitcoinist.com/hong-kong-billion-crypto-backed-money-laundering/