US Accuses Chinese Companies of Using Crypto to Sell Drugs
The US Department of Justice has initiated criminal investigations against eight Chinese companies and fourteen employees engaged in drug trafficking using digital currencies.
China’s Central Bank Official: e-CNY Must Be Available in All Retail Scenarios
Changchun Mu, head of the digital currency research institute at the People’s Bank of China (PBoC), stated that the digital yuan, the Chinese central bank digital currency (CBDC) currently in trial, ought to be accessible in all retail payment scenarios.
A Chinese Official is Sentenced to Life for Crypto Mining
The former official of the Chinese province of Jiangxi, Yi Xiao, has been handed a life sentence by a court after being found guilty of corrupt activities and supporting cryptocurrency mining operations.
China Does Not Plan to Lift Ban on Crypto Transactions
The Chinese government has not altered its hard-line stance against digital currencies, but has only intensified it.
FTX’s ExCEO Pleads Not Guilty to Bribing Chinese Official
Sam-Bankman-Fried, the founder of FTX, has pled not guilty to the new criminal charges brought against him by the US government.
Binance Staff Accused of Assisting China Users to Bypass KYC Regulations
A recent report has stated that Binance employees and volunteers have been aiding customers in China to bypass the exchange’s Know Your Customer protocols.
