[Shanghai Police Uncover Major Underground Banking Case: Cross-Border Exchange Using Virtual Currency, Involving Nearly 20 Billion Yuan] On August 27, 2026, the Shanghai Municipal Public Security Bureau held a press conference to report on the overall situation and typical cases of Shanghai police cracking down on new economic crimes involving virtual currency. Since the beginning of this year, Shanghai police have solved multiple cases of illegal operations and money laundering crimes using virtual currency as a medium, arresting over 70 suspects and involving amounts exceeding 20 billion yuan, effectively safeguarding national financial security and foreign exchange management order. (The Paper)