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Crypto-Crime Falling in China, Surges in Hong Kong, Reports Reveal – Bitcoin News

News Snapshot:

China’s cryptocurrency transactions related to criminal activity have declined significantly in recent years, a new report said. At the same time, the Hong Kong Special Administrative Region has seen a surge in crypto crime this year, with authorities attributing the surge to the popularity of crypto investments. Chinese crime-related crypto transactions are falling, according to Chainalysis China is a leader in the global crypto space, not only because of its control over a large chunk of Bitcoin’s hashrate, but also in terms of the activity of its crypto businesses and users. However, with the government’s current offensive against decentralized money,…

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