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

August 5, 2021
Source: socialmediagossips.com socialmediagossips.com
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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Tags: accounting | author | bitcoin | blockchain | chief technology officer | China | Chinese | content | Covid-19 | crackdown | crime | criminal | crypto | cryptocurrency | currency | digital | fintech | fraud | fund | Hong Kong | illegal | investment | IT | Pandemic | technology

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