Innovation and gangsters seem to go together like peanut butter and jelly these days, but what if that sentiment is just an illusion, over-reported by the media? Each week it seems the media reports a new, high USD crypto theft and, in some cases, money laundering bust from the cryptocurrency, DeFi and NFT world, with the top end of these heists nearing the billion dollar mark. Governments around the world are calling for regulation and centralization of DeFi as a result, but did you know that the most powerful money laundering system in the world today is not related to crypto or DeFi., and it originates from the country that banned everything crypto at this time last year — China.

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