China crypto crackdown sees over 1,100 arrested

Published

4 years ago

June 10, 2021

Police in China have arrested over 1,100 people on money-laundering charges, claiming they used cryptocurrency to help them evade the law.

The arrests come as authorities in China step up their crackdown on cryptocurrency trading.

Reports say the money launderers charged their criminal clients a commission of 1.5% to 5% to convert illegal proceeds into virtual currencies via crypto exchanges.

https://twitter.com/tickerNEWSco/status/1402839675677544455?s=20

Last month, three industry bodies banned crypto-related financial and payment services, and the State Council vowed to clamp down on Bitcoin mining and trading.

The public security ministry confirmed police had busted more than 170 criminal groups involved in using cryptocurrencies to launder money.

The money launderers charged their criminal clients a commission of 1.5% to 5% to convert illegal proceeds into virtual currencies via crypto exchanges.

China continues crackdowns

China’s State Council ordered a tough crackdown on telco fraud in October 2020.

Executives from two of the largest crypto exchanges that provide services to Chinese investors assisted police with their inquiries.

Israel launches pre-emptive strikes on Iran amid nuclear threat

Israel launches pre-emptive strikes on Iran’s nuclear sites amid fears of retaliation and imminent threats, urging citizens to seek shelter.

Published

3 hours ago

June 13, 2025

ticker NEWS

Israel launches pre-emptive strikes on Iran’s nuclear sites amid fears of retaliation and imminent threats, urging citizens to seek shelter.

Israel has launched pre-emptive military strikes on Iran following reports of explosions in Tehran. The operation, expected to last several days, is targeting Iranian nuclear facilities and military sites.

Israeli Defence Minister Israel Katz has urged citizens to stay near bomb shelters amid fears of Iranian retaliation, while the Israeli Defence Forces coordinate closely with the United States, citing an imminent nuclear threat.

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News

Shocking video shows UK nationals moments before Air India crash

“Chilling footage captures UK nationals smiling just moments before the tragic Air India Flight 171 crash.”

Published

5 hours ago

June 13, 2025

Ahron Young

“Chilling footage captures UK nationals smiling just moments before the tragic Air India Flight 171 crash.”

Just before the tragic crash of Air India Flight 171, two UK nationals were seen recording a video, smiling, unaware of the disaster moments ahead. The footage adds a chilling human face to the unfolding tragedy.

Shocking Video Shows UK Nationals Moments Before Air India Crash

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#AirIndia #PlaneCrash #UKPassengers #AhmedabadCrash #Flight171 #LastMoments #BreakingNews #TickerNews

News

Trump announces ‘done deal’ with China

Trump declares new trade deal with China “done,” featuring rare earth material supply and China retaining student visas, pending Xi’s approval.

Published

5 hours ago

June 13, 2025

ticker NEWS

Trump declares new trade deal with China “done,” featuring rare earth material supply and China retaining student visas, pending Xi’s approval.

President Donald Trump says a new trade deal with China is “done,” following intense negotiations in London.

The agreement includes China’s pledge to supply critical rare earth materials to U.S. companies, while the U.S. will drop plans to revoke Chinese student visas.

The deal still awaits final approval from President Xi Jinping, but it could mark a turning point after months of tariff tensions.

#Trump #ChinaDeal #TradeAgreement #RareEarths #USEconomy #XiJinping #tickernews