China Fueling Crypto Crime According to TRM Labs
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North Korean hackers, Mexican drug cartels, Russian mobsters, and Telegram scammers all depend on the Chinese black market to launder billions in crypto, according to new research by TRM Labs. Despite crypto’s reputation as an uncensorable, borderless financial underworld, most major criminal groups utilizing digital assets rely on sophisticated underground Chinese banking networks. TRM Labs, with leadership boasting decades of federal government experience, claims U.S. policy has failed to address this undeniable reality.
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