Taiwan: Bitcoin money laundering ring busted, say detectives
09 May 2016

Police authorities in Taiwan have cracked down on a money-laundering ring that used bitcoin currency in its activities, the Criminal Investigation Bureau (CIB, 刑事局) announced.

In a released statement, the CIB said police authorities arrested eight suspects of the ring at a house in northern Taoyuan City on April 28.  The CIB said the house was where the ring set up its money laundering centre.


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