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Author Topic: [2016-08-15]OKCoin charged for money laundering  (Read 245 times)
smartgerman
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August 15, 2016, 03:05:35 PM
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OKCoin charged for money laundering
One of the largest China’s bitcoin exchanges is found guilty by the Chinese court
of aiding criminal money laundering and improper company registration.
http://www.coinfox.info/news/6186-okcoin-charged-for-money-laundering
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coinzat
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August 15, 2016, 03:34:10 PM
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this sentence is not fair because if those criminals created some verified accounts and use then to buy bitcoin. how would OKcoin know they are doing money laundering?
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August 15, 2016, 04:21:17 PM
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OKcoin get fined by The Higher People's Court of Heilongjiang Province,the judge is finished at July 14th,and put online at July 29th.This judge is beyond most people's awareness because the company and and other peer companies didn't want to spread the news until today(20160813) The Securities Times(in Chinese is 证券时报)criticized that blockchain trading should be subject to legal supervision by describing a recent case in a passage without naming the defendant is OKcoin.
As we all know,Chinese authority’s attitude towards bitcoin is restricting the use and prohibiting bitcoin links to the Substantial Economy.Since this judge is the first judge that the major Chinese bitcoin exchange is the defendent,we can get some real concerns of the athority by analyzing the judgments.

https://www.reddit.com/r/Bitcoin/comments/4xjtcw/okcoin_fined_by_chinese_court_for_helping/

daostock.com/
telegram.me/DAOstock
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August 15, 2016, 07:59:19 PM
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this sentence is not fair because if those criminals created some verified accounts and use then to buy bitcoin. how would OKcoin know they are doing money laundering?


I understand your concerns. However, they point at OKCoin because they offer the platform that allows people to do whatever they want with money that may, or may not be from fair sources. Not sure if this is done with a biased anti Bitcoin motive in the back ground, but it's definitely possible.
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