Do you know
that a major case was ruled in Beijing, which is also related to Bitcoin!
Former Deputy Director of the Beijing Financial Regulatory Bureau, Hao Gang, was sentenced to a total of 11 years for bribery and money laundering, along with a fine of 1.3 million.
It’s worth mentioning that this guy was already being watched. He was investigated in April 2023, and at the beginning of last year, the Discipline Inspection Commission directly reported that he not only accepted gifts and banquets but also used his power to help people borrow money, and even paved the way for his wife's business, a typical case of breaking the law.
What's most notable is that, according to Caixin, his case might be closely related to the crypto sphere. In previous years, he had clandestine dealings with Bitcoin trading platforms that were under regulation and was involved in Bitcoin money laundering. Even more shocking is that he reportedly helped a senior executive of a major mining company lift a travel restriction, and for this operation, the amount of bribery could be over ten million.
However, the specific details have not yet been fully disclosed. $BTC
