OK Group will help the Chinese police in the fight against money laundering through cryptocurrencies

OK Group will help the Chinese police in the fight against money laundering through cryptocurrencies

OK Group, the operator of the OKEx cryptocurrency exchange, announced a partnership with the police in the Chinese city of Nanjing to use blockchain to combat money laundering through cryptocurrencies. OKLink, a subsidiary of the OK Group, will work with the Nanjing Public Security Bureau to develop blockchain-based solutions. They will focus on providing public safety and tracking suspicious digital asset transactions to prevent them from being used for money laundering. An OKLink spokesman stressed…

Hop Protocol Launches USDC Bridge Between Ethereum, Polygon and xDai

The developers of the Hop protocol for the interaction of Ethereum’s second level solutions have launched a “bridge” for the USDC stablecoin between Ethereum, Polygon and xDai. According to the Medium Hop Protocol blog post, the USDC “bridge” launched with limited functionality and now supports “instant” transfers of USDC between the Ethereum mainnet, Polygon, and xDai Chain. The Hop developers plan to expand the number of supported assets over the “next two weeks”, including crypto…