China has sentenced a convicted drug trafficker to death after authorities found he laundered more than 48 million yuan, about $7.04 million, through cryptocurrency as part of a major cross-border narcotics operation.
Summary
- China sentenced a convicted drug trafficker to death after prosecutors said he laundered more than 48 million yuan through cryptocurrency.
- Prosecutors said more than 1,200 people have been charged in drug related money laundering cases between January 2025 and May 2026.
- Chinese authorities said they are expanding enforcement against cryptocurrency based money laundering and stepping up efforts to recover illicit digital assets.
China’s…
