OK Group Partners With Chinese Authorities

The blockchain technology firm OK group will help Chinese authorities to fight against money laundering using cryptocurrencies. Both parties will collaborate very closely.


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Money laundering becomes a more present topic in crypto.

Today, Scotland Yard confiscated £114 million in cryptocurrencies. Recently, officials from the Russian Federation pointed out the dangers of money laundering with cryptocurrencies.

China wants to control the crypto revolution in its country. The Chinese government banned bitcoin mining recently and bootstraps customized blockchain technologies. In addition, China’s Central Bank has asked Chinese banks and payment institutions to prevent crypto transactions.

Besides, China is about to introduce a CBDC soon.

The cooperation with the OK group marks the next milestone in China’s chapter to a centralized controlled crypto economy. 

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