Seven men in Xian'an, Hubei Province have been investigated for illegally building online channels and engaging in illegal trading of virtual currency

According to chinanews.com, the police in Xian'an, Xianning, Hubei Province, successfully cracked a case of unauthorized use of illegal channels for international networking. The criminal gang led by Tang Moumou has set up several network equipment in their private houses, accessed the Internet through illegal channels without authorization, and used overseas software to engage in illegal transactions of virtual currency and foreign exchange. The funds involved in the case amounted to more than 120000 yuan. At present, seven offenders have been subject to administrative punishment according to law. The case is being further explored and expanded.