Asia Express: Cops bust Australian crypto and fiat money laundering exchange, Bitget now 4th largest exchange, China partially lifts NFT ban.
Largest money laundering scandal in Australia unravelsOn Oct. 26, a 300-strong police operation spanning Melbourne, Sydney, Brisbane, Adelaide and Perth arrested seven individuals — four Chinese citizens and three Australian nationals — after a 14-month investigation.
In one single incident, a 37-year-old Chinese national was accused of using Changjiang’s services to launder AU$100 million worth of funds received from a multinational Ponzi scheme.The investigation began after law enforcement officials noticed irregular traffic at Changjiang kiosks across Australia during a time of strict COVID-19-related lockdowns. Police have since seized AU$21 million in cash and various luxury items believed to have been purchased using proceeds of crime.
Due to regulatory uncertainty, Topnod digital collectibles were prohibited from listing on secondary markets. Last December, Cointelegraph reported the Chinese government’s official NFT trading platform was planned to launch this year. The exchange is still in development at the time of publication.
“This time, all electronic financial and medical bills in the Yangtze River Delta have been opened and applied on a large scale in commercial insurance claims, marking the true application of the digital Yangtze River Delta construction. This not only brings real convenience to the people but also improves the efficiency of insurance claims and effectively prevents moral hazard.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US, China need 'comprehensive' dialogue to stabilize ties, China's Wang saysThe United States and China have disagreements but they also share common interests, and the two countries need 'in-depth' and 'comprehensive' dialogue to reduce misunderstandings and stabilize bilateral relations, China's top diplomat Wang Yi said on Thursday as he began his visit to Washington.
Read more »
Johnson gets House speaker nod, GOP's 4th, after holdouts derail EmmerIt takes 217 of 221 Republicans to elect a speaker, a mark none seemed able to hit.
Read more »
Oil prices look to post a 4th straight session decline, losing most of their war premiumEIA reports weekly rise in U.S. crude and gasoline stockpiles
Read more »
See Kourtney Kardashian's Baby Bump Photos Before 4th Child Is BornKourtney Kardashian is pregnant with a baby boy, her first child with husband Travis Barker
Read more »
NFT collection size and rarity explainedDiscover the significance of collection size and rarity in the world of collecting.
Read more »
What are the different NFT marketplaces?Comparing the top NFT marketplaces: A look at OpenSea, Blur, Rarible and other places to buy and sell NFTs.
Read more »