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CX Daily: How Cryptocurrency Gets Used to Move Billions of Yuan in and out of China

Published: Feb. 27, 2025  10:02 a.m.  GMT+8
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Cryptocurrencies /

In Depth: How cryptocurrency gets used to move billions of yuan in and out of China

When police in East China’s Shandong province busted Li Bi at her office in July 2023 because they suspected she was involved in an underground banking operation, they found her in possession of 10 bank cards linked to over 17 billion yuan ($2.3 billion) in transactions.

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