Haowang Guarantee has made Huione Group a ‘one-stop shop’ for criminals to launder crypto obtained through illicit activities, and ultimately convert it to fiat currency, the Treasury said.
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US Treasury wants to cut off Huione over ties to crypto crime
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A UN Office on Drugs and Crime report described Huione’s Haowang marketplace as a comprehensive platform offering tools for cybercrime, supporting FinCEN’s enforcement rationale.
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