Man Sentenced for Involvement in Unlicensed Cryptocurrency Exchange Operations

According to PANews, a 34-year-old man named Xie Jiajie has been sentenced to 10 months in prison for his role in managing and operating cryptocurrency exchanges without a license. Despite knowing that his employer, Liu Hanquan, was conducting unlicensed currency exchange operations, Xie facilitated 430 transactions totaling over 35 million yuan in just 23 days. He was arrested during a police raid. Xie faced charges under the Payment Services Act and the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act source: https://www.binance.com/en/square/post/26163112236993?utm_source=BinanceNewsRSS