Crypto Emerges as Key Tool in China’s Money Laundering Networks: Report

China’s long-running campaign to restrict capital flight is being undercut by its own criminal networks, which have increasingly turned to Bitcoin and other digital assets to move money across borders, according to new research. Key Takeaways: Chinese money laundering networks are increasingly using Bitcoin and USDT to bypass strict capital controls. The same networks now serve Western criminal groups, including the fentanyl supply chain. Researchers warn that crypto-enabled laundering has become so ...