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Business 17 Dec 2020 | 7:00 AM

PBoC to punish those who refuse cash usage

BEIJING: The People’s Bank of China (PBoC), the central bank, said it will investigate and punish institutions and individuals that refuse to accept valid bank notes and coins and reiterated that it would protect the groups/individuals who find it inconvenient to use electronic or other noncash payment methods.

Technology 09 Dec 2020 | 8:31 PM

Criminals getting smarter in use of digital currencies to launder money

LONDON (Reuters) - Criminals are becoming more sophisticated in their use of cryptocurrencies to launder money, with hundreds of millions of dollars of dirty funds last year flowing through digital wallets that allow users to hide their trail, according to Elliptic.