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SVTPerformance's Chain of Restaurants
Road Side Pub
BITCOIN
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<blockquote data-quote="Weather Man" data-source="post: 16853626" data-attributes="member: 137766"><p><h3><a href="https://seekingalpha.com/news/3916235-63-people-arrested-by-chinese-police-for-laundering-17b-through-crypto?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain" target="_blank">63 people arrested by Chinese police for laundering $1.7B through crypto</a></h3><p><a href="https://seekingalpha.com/symbol/BTC-USD?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain" target="_blank">BTC-USD -0.82%</a>Dec. 12, 2022 12:45 PM ET<a href="https://seekingalpha.com/news/3916235-63-people-arrested-by-chinese-police-for-laundering-17b-through-crypto?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain#scroll_comments" target="_blank">9 Comments</a></p><p></p><ul> <li data-xf-list-type="ul">A gang of 63 people were arrested by Chinese police for allegedly laundering as much as 12B yuan (US$1.7B) using cryptocurrency in the wake of Beijing's crypto crackdown, according to a recent <a href="https://mp.weixin.qq.com/s/JO3lpwKXj66ef0wf9qo3vw" target="_blank">statement</a> by the Public Security Bureau of Inner Mongolia’s Tongliao.</li> <li data-xf-list-type="ul">The criminal group, starting from May 2021, allegedly used the proceeds from pyramid schemes, fraud and gambling, Chinese authorities said. They then converted those funds into tether (<a href="https://seekingalpha.com/symbol/USDT-USD" target="_blank">USDT-USD</a>), a stablecoin pegged to the U.S. dollar.</li> <li data-xf-list-type="ul">Moreover, the gang recruited people around the country to open crypto accounts in an effort to help launder the funds. Those people, in turn, would receive a commission based on how much they laundered, the statement read.</li> <li data-xf-list-type="ul">About 130M yuan of illegal income have been confiscated from the gang.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16853626, member: 137766"] [HEADING=2][URL='https://seekingalpha.com/news/3916235-63-people-arrested-by-chinese-police-for-laundering-17b-through-crypto?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain']63 people arrested by Chinese police for laundering $1.7B through crypto[/URL][/HEADING] [URL='https://seekingalpha.com/symbol/BTC-USD?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain']BTC-USD -0.82%[/URL]Dec. 12, 2022 12:45 PM ET[URL='https://seekingalpha.com/news/3916235-63-people-arrested-by-chinese-police-for-laundering-17b-through-crypto?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain#scroll_comments']9 Comments[/URL] [LIST] [*]A gang of 63 people were arrested by Chinese police for allegedly laundering as much as 12B yuan (US$1.7B) using cryptocurrency in the wake of Beijing's crypto crackdown, according to a recent [URL='https://mp.weixin.qq.com/s/JO3lpwKXj66ef0wf9qo3vw']statement[/URL] by the Public Security Bureau of Inner Mongolia’s Tongliao. [*]The criminal group, starting from May 2021, allegedly used the proceeds from pyramid schemes, fraud and gambling, Chinese authorities said. They then converted those funds into tether ([URL='https://seekingalpha.com/symbol/USDT-USD']USDT-USD[/URL]), a stablecoin pegged to the U.S. dollar. [*]Moreover, the gang recruited people around the country to open crypto accounts in an effort to help launder the funds. Those people, in turn, would receive a commission based on how much they laundered, the statement read. [*]About 130M yuan of illegal income have been confiscated from the gang. [/LIST] [/QUOTE]
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