Henan Province Sentenced Seven People for Money Laundering

According to the China Times, on March 9, the Rui County People's Procuratorate in Henan Province announced the law in a second case involving “operational conditions” using Bitcoin. , causing widespread concern. The second trial found that seven people were charged with "content fraud" by buying and selling virtual currency through virtual currency trading platforms and other Bitcoin software using their mobile phones. And the funds are usually more than 9 million won, but they are not paid. With Out of the seven defendants, the highest salary received only 8,500 yuan, and the lowest salary received only 500 yuan. The People's Department of Rui County, Henan Province sentenced seven defendants to up to four years in prison and fined up to 10,000 yuan for concealing criminal funds.