C hinese authorities have shut down an underground bank that facilitated illegal currency exchange between the Chinese yuan and South Korean won, using cryptocurrency as a medium.
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Chinese authorities shut down illegal crypto service
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South Korea’s top diplomat warns of rising economic competition with China
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China’s state-owned financial institutions just escaped being forced to cover the debts of one of the country’s largest real estate developers. Last week, Country Garden revealed that it had …
US, China meet in Geneva to discuss AI risks
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Degen Chain, a leading Layer 3 blockchain network, experiences a significant disruption, halting block production for over 12 hours. As speculation mounts, stakeholders seek answers amidst concerns …
Jilin Province of China Cracks Down on $300 Million Crypto Currency Laundering Scheme
The Public Security Bureau of Panshi City in Jilin Province has successfully dismantled an illegal operation involving underground banks and virtual currencies. This crackdown, which involved …
