The People’s Bank of China created a “black list” of OTC traders’ accounts
The People’s Bank of China (PBOC) has begun blacklisting the accounts of large OTC cryptocurrency traders as part of its anti-money laundering program. According to WuBlockchain, China’s Central Bank has launched a campaign against money laundering through cryptocurrencies. The initiative to blacklist linked accounts is part of a broader anti-money laundering effort in China. Earlier this year, the NBK launched a campaign to eradicate illicit proceeds and requested account information and transaction details from banks…
