‘OTC King’ Zhao Guilty of Unauthorized Crypto Operations, Says Chinese Legal Authority

Source: Pexels China’s Supreme Procuratorate has reportedly disclosed the details behind the seven-year prison sentence given to the founder of the over-the-counter (OTC) crypto trading desk RenrenBit, Zhao Dong. In a press release on December 27, the Chinese legal authority revealed that the convictions were related to illegal business operations and unlicensed foreign exchange transactions. The post ‘OTC King’ Zhao Guilty of Unauthorized Crypto Operations, Says Chinese Legal Authority appeared first on Cryptonews .