Skip to content Skip to sidebar Skip to footer
Australian Man Arrested for Trying to Launder $4.3M With Bitcoin - CoinDesk

Australian specialists captured a man in Sydney for illegal tax avoidance after supposedly endeavoring to change over almost A $ 5.5 million ($ 4.3 million) in real money into Bitcoin through a home. criminal association.

As indicated by a report by the Australian Financial Review, New South Wales Police captured Yi Zhong on Monday in a Sydney suburb and seized $ 1 million in real money, cocaine, and electronic gadgets.

Zhong supposedly endeavored to change over money into electronic cash by “employing tax criminals”, and the police are currently examining and finding his assistants.

The activity is initiated by a digital wrongdoing bunch called Strike Force Curns, which was established in October

The news denotes the nation’s second significant tax evasion case including digital money after an Australian lady was charged by New South Wales State Police for unlawfully trading more than $3 million last May.

Show CommentsClose Comments

Leave a comment

The leader in blockchain news, Cryptowatchlists is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Cryptowatchlists is an independent online newspaper, which concentrate in cryptocurrencies and blockchain startups.
Our Biggest Stories Delivered to Your Inbox