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Investing.com -- A Chinese woman accused of laundering bitcoin linked to an alleged £5 billion ($6.7 billion) fraud pleaded guilty in a London court on Monday.
Qian Zhimin, 47, also known as Zhang Yadi, admitted one count of possessing criminal property and one count of transferring criminal property at Southwark Crown Court on what was scheduled to be the first day of her trial.
Judge Sally-Ann Hales remanded Qian in custody ahead of sentencing, which will take place at a later date.
British police seized wallets containing more than 61,000 bitcoin during their investigation, currently valued at £5.1 billion.
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