Thursday, June 11, 2020

Chinese Authorities Freeze Thousands of Cryptocurrency Trader Bank Accounts

Several thousand bank accounts belonging to cryptocurrency traders have reportedly been frozen by Chinese police as a result of an extensive crackdown, reports

And get this:

According to the report, police are even learning about blockchain and on-chain analysis to understand how to trace crypto assets.

Cryptocurrencies were never a method to prevent government detection of activities. Electronic money trading is highly traceable.

Brown paper bags, fellas.


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