UK Sanctions Crypto Platform for Scams
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
UK government imposes sanctions on Chinese-language crypto platform Xinbi, linked to Southeast Asian scams, freezing assets and blocking access to UK markets. Key figures accused of running scam networks in Cambodia are targeted. The move aims to disconnect illicit operations from legitimate crypto channels, potentially improving the industrys image.
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