• China has sentenced a convicted drug trafficker to death after prosecutors said he laundered more than 48 million yuan (about US$7 million) through cryptocurrency.
• Authorities said more than 1,200 people were prosecuted in drug-related money laundering cases between January 2025 and May 2026.
• Chinese prosecutors and financial regulators said they are expanding enforcement against cryptocurrency-based money laundering and cross-border financial crime.

China’s Supreme People’s Procuratorate said a court sentenced convicted drug trafficker Li Mobo to death after prosecutors said he laundered more than 48 million yuan, or about US$7 million, through cryptocurrency as part of a cross-border narcotics operation.

The prosecutor’s office said the…