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JUST IN: The UK has announced a new round of sanctions against a network linked to scam hubs in Southeast Asia, including the Xinbi cryptocurrency marketplace and the Cambodian resort #8 Park.
The measure aims to curb online fraud, disrupt cryptocurrency money laundering, and address serious human rights abuses associated with these operations.
The UK sanctioned Xinbi, described as one of Southeast Asia's largest illicit marketplaces offering cryptocurrency-based services.