UK Slaps Sanctions On $20B Crypto Black Market Tied To Southeast Asia Scam Rings

Blockchain analytics firm Chainalysis puts the number at close to $20 billion — the estimated volume of dirty money that flowed through Xinbi, a Chinese-language crypto marketplace, between 2021 and 2025. Now the UK government wants to shut it down. Related Reading: Ethereum Supply Tightens As Staki