Yao Qian, a former key architect of China’s digital yuan, is accused of accepting over $8 million in cryptocurrency bribes through hardware wallets and shell accounts, exposing the challenges of regulating digital currencies.
The crypto community is facing a growing threat from crimes such as theft and corruption, with a recent incident in France involving masked gunmen and a corrupt tax official.
The Central African Republic’s crypto push has been criticized for favoring elites and exposing the country to foreign criminal networks, rather than promoting financial inclusion.
The UK targets crypto sanctions evasion with a new anti-corruption strategy, emphasizing international cooperation through a summit.