Reports emerged indicating that the Chinese officials are keeping a close eye on cryptocurrency activities and are applying innovative strategies to tackle virtual currency money laundering. “An Important Breakthrough” According to the Chinese state-owned broadcaster, CCTV (controlled by the CCP), the country’s Ministry of Public Security has solved 259 cases that involve cryptocurrency money laundering. It also seized cryptocurrencies worth 11 billion yuan, or nearly $1.7 billion, and called the latest development – an important breakthrough. On January 14, China’s Ministry of Public Security said it had cracked 259 cases involving cryptocurrency money laundering, and seized virtual currency worth 11...