This case revealed a vast illegal operation involving 3.9 billion yuan, focused on studios and tech consulting firms. Investigations began after suspicious cross-border transactions were identified via social networks. By December 2024, 21 suspects were arrested.
The incident highlights the urgency for tighter regulations in financial transactions and the cryptocurrency sector.
Ongoing trends show a rise in financial crimes exploiting digital platforms, necessitating enhanced business verification services.
Experts predict significant regulatory shifts that could impact the future of crypto operations and compliance costs.
Full story here: https://coincu.com/337977-sichuan-uncovers-illegal-fx-operation
