Why was the Bitmexcto Arrested?

According to official news, on May 25th, Beijing Haidian District Judicial Bure

Why was the Bitmexcto Arrested?

According to official news, on May 25th, Beijing Haidian District Judicial Bureau issued an announcement stating that in response to the requirements of the State Council’s “Crackdown on Pyramid Schemes and Preventing Financial Risks”, the Haidian District People’s Government organized a centralized crackdown operation in accordance with the “Notice on Handling Criminal Cases of Illegal Business Operations and Starting Criminal Investigation”.

Why was Bitmexcto Arrested? Bitmexcto is a virtual currency exchange in South Korea suspected of money laundering and illegal foreign exchange trading. Bitmex.cc, which started operations in mainland China in October 2017, is a digital asset investment platform based on blockchain technology. It officially went online in early 2019 and was registered and listed on the Securities and Exchange Commission of the Philippines in November 2019, as well as in Singapore.

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