Caixin.com: Criminal methods of money laundering using virtual currency have appeared in many places, with the amount involved reaching tens of millions of yuan

According to the news from BlockBeats, on March 18, according to Caixin.com, in the telecommunications network fraud cases reported by the police in many places across the country, there have been local cases of emerging cybercrime methods of using digital currency for money laundering, and the amount involved has reached tens of millions of yuan. According to reports, suspects of telecommunications fraud cases in Putian City, Fujian Province and Cangzhou City, Hebei Province have used WeChat, bank cards and other methods to buy virtual currencies and then illegally transfer funds. A senior executive in the blockchain industry told Caixin reporters that USDT is mainly used by Chinese people, which is actually a typical cross-border regulatory arbitrage.