Price for Crypto Crime in China: A 14-Year Prison Sentence

Chinese authorities have ramped up efforts to prosecute cryptocurrency-related crimes, sentencing a former tech executive to over 14 years in prison for embezzling 140 million yuan (approximately $19.5 million) from his employer. According to a report, the Beijing Haidian People’s Procuratorate found that Feng converted the stolen funds into Bitcoin and other cryptocurrencies using eight […] The post Price for Crypto Crime in China: A 14-Year Prison Sentence appeared first on Coin Edition.