United States joins Britain in Sanctioning Chinese online marketplace Xinbi Guarantee for targeting Americans

The United States has sanctioned the platform Xinbi Guarantee, accused of running an illicit online marketplace and money-laundering network used by criminal organizations. The platform is reported to have processed over $25 billion through crypto, targeting American citizens through fraud and online scams. This action follows similar measures taken by the United Kingdom and is part of President Trump's Executive Order 14390 aimed at combating cybercrime and fraudulent schemes.