🚨🚨🚨 The Supreme People’s Procuratorate and the State Administration of Foreign Exchange have banned the cryptocurrency OTC king - Zhao Dong’s team

👀👀👀 Listed as a typical case for the crime of illegal business operations and the crime of illegal trading of foreign exchange

Zhao Dongsuan is one of the early celebrities in the Chinese currency circle. He is the founder of Renrenbit and one of the small shareholders of Bitfinex exchange.

From 19 to 20, Zhao organized Zhao Moupeng, Zhou Mokai and others to provide foreign currency dirham and RMB exchange and payment services in the UAE and China. The gang collected dirham cash in Dubai, United Arab Emirates. Through the exchange rate difference, the gang could obtain more than 2% of the income from each foreign currency transaction. After investigation, Zhao and others exchanged more than RMB 43.85 million between March and April 2019, making a total profit of more than RMB 870,000.

#链狱 Comment: Using virtual currency as a medium to exchange RMB and foreign exchange still constitutes an illegal business crime.

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