China Freezes Thousands of Bank Accounts Tied to OTC Crypto Trading

China will always remain a controversial country when it comes to handling cryptocurrencies. This is primarily due to all of the illicit activities taking place within its borders.  In a new crackdown against illegal crypto money streams, the Chinese government has taken a different approach. China Targets Crypto Bank Accounts Rather than collecting data for a future investigation, thousands of bank accounts have been frozen in recent weeks. All accounts have their funds frozen due to cryptocurrency trading activities.  It would also appear that nearly all bank accounts belong to OTC crypto users, which is rather interesting. For the government,

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