The huge crypto crackdown in China was witnessed by the whole world. The nation had sheltered some of the largest and most well-known crypto venues. Nonetheless, the authorities in China threw out the entirety of the crypto-related things from it, especially the mining firms. Keeping this in view, Bitcoin (BTC) keeps on operating within the jurisdiction. At present, this crypto adoption is being witnessed in the form of bribes.
Chinese Officers Utilize Bitcoin to Bribe a Government Official in the United States
Recently, it was pointed out that a couple of intelligence officers in China – who were serving the People’s Republic of China – tried to give a bribe in Bitcoin to a government official. This incident took place in the United States. “Zheng Wang” and “Guochun He” were carrying out a mission to gather information regarding a firm that was going through a legal issue. The stolen documents are expected to be dealing with Huawei (a tech giant in China).
The above-mentioned officers wanted to take away documents and any likely information from the office of the US Attorney for New York’s Eastern District. They were allegedly creating trouble in the investigation, specifically by trying to bribe a participant of the law enforcement of the United States with nearly $61,000 worth of Bitcoin. This news was disclosed by the US Department of Justice on its official Twitter page. The agency mentioned how it would be intolerable for it to entertain such attempts made by foreign powers to destabilize the law that provides the basis for the US democracy.
As asserted by the DOJ, the government official was informed by Guochun He in September this year that the official will receive more money from them in Bitcoin on the provision of information required to assist the company to win its case. According to the reports, an amount of up to $20,000 in the primary crypto token was given to the officer in October. A further amount of approximately $40,000 was additionally provided in another transfer.
On the official account of the FBI on Twitter, the director of the organization revealed that this is the law that offers benefits to the United States which are not available to China. Christopher Wray expressed his view while appearing in a press conference conducted on the behalf of the agency. He brought to the front that the focus of the Bureau was to straightforwardly deal with the communications thereof with collaborators. This would let them have an honest ally to confront the aggression of the Chinese authorities.
Officers in China Go Against the Country’s Standpoint to Confront Crypto Usage
Apart from the arrest of the above-mentioned officers, thirteen people were accused of contributing to malicious projects being operated across the United States on the Chinese government’s behalf. This surprised many because China wanted to eliminate the things remotely dealing with crypto. Nevertheless, the utilization of Bitcoin and such cryptocurrencies for bribes by government officials is in direct contrast with the stance of the country over the world of cryptocurrency.