Chapter 797: Longshan, Money Laundering

Heavenly Vessel and Ark are booming in Daxia.

These days, Longshan can say he sees related news every single day.

Originally, he wanted to visit Yang Qing.

But he stopped in Gangdao.

He was deeply attracted by the Yang Family's activities in virtual currency.

He came to see Yang Qing, and a very important reason was that his investments in virtual currency had yielded generous returns.

By using virtual currency, he not only built a series of underworld networks on the dark web.

The rapid appreciation of virtual currency also made him earn a fortune.

However, although he earned money, Thirteen Hall did not become any better.

In recent years, with Daxia's rise, fewer people have been emigrating, and even illegal migrants have sharply declined.

This caused them to earn far less money.

Although they also lured many people online, the decreasing trend has not changed at all.

Therefore, he plans to increase money‑laundering income.

And for money laundering, Daxia is an important source of clients.

To handle this segment of clients, he must discuss it with Yang Qing.

His idea is to launder money on a large scale through virtual currency, but he neither understands nor has the capability.

After seeing the Yang Family's maneuvers in virtual currency, he conceived an idea.

That is, to have the Yang Family help.

Or, leveraging the Yang Family's connections, he would set up his own financial company and then launder money.

But who is Yang Qing?

He knows that getting Yang Qing to take part in money laundering is almost impossible. So he decides to act first and report later: first recruit a junior member of the Yang Family to set up the company, then go talk to Yang Qing.

After receiving Longshan's call, Yang Shulin felt a bit baffled; the old man had no prior contact with him.

He now oversees a portion of the Yang Family's new‑type financial business.

It is the internet finance he founded, a new company jointly created with the Yang Family's traditional finance.

It is called UnionPay.

It has now become an important financial function on Feixin.

It can top up phone credit, pay electricity bills, pay gas fees, recharge subway cards, purchase any internet product, and join auctions.

Because it is an international payment company, it developed a Union Coin.

Any currency can be converted into Union Coin via Great Song Bank or Hang Seng Bank.

Yang Shulin now intends to open a virtual‑currency recharge port.

That is what caught Longshan's eye.

He cannot handle the Yang Family's complex virtual‑currency schemes; if he brings Yang Shulin in, he can indirectly use the Yang Family's resources.

Yang Shulin knows exactly what Longshan does.

After reporting to Yang Qihang, he went to the appointment.

Yang Qihang became alert after hearing the news.

Black is black, white is white; the Yang Family has always kept a clear distinction.

Longshan has also gone independent, severing ties with Jingmen.

Longshan's affairs and Qiongzhou's matters gave him a headache.

He took off his shoes, stood on an acupressure board, and paced back and forth.

The soreness in his soles can speed up his brain's activity.

Yang Shulin, UnionPay, belong to the financial sector.

Longshan, the underworld, controls two virtual‑currency trading platforms, also part of finance.

The link between the two is finance.

UnionPay?

Gangdao, money laundering?

There are many money‑laundering hubs worldwide, such as Xingma, Dubai, other offshore centers, and Yinglian…

Gangdao's money laundering used to be linked with Haoming.

Back then, Jingmen kept expanding, and Jingmen and Gangdao societies had an understanding: Haoming was their reserved territory.

Many operations were off‑limits to Jingmen.

In other words, the main force behind Gangdao's money laundering is still them.

Thirteen Hall also has money‑laundering channels in Gangdao, but compared with casinos, the costs and risks are higher.

Longshan cannot reach out to Haoming.

So he must be targeting finance.

And Gangdao's finance is the domain of the Yang Family and the world's financial oligarchs.

At this point, Yang Qihang roughly understood what Longshan intended.

Money laundering differs from Longshan's underground virtual‑currency trading.

Virtual currency is decentralized and not tied to individuals; whoever holds the password owns the currency.

To withdraw that money, you must also present your transaction chain to prove the funds are legitimate income.

The money Longshan earned from the underworld also needs to be cleaned.

The clean money he has is the virtual currency he bought back then.

The money from the underworld mostly still circulates within the underworld.

A small portion they launder through global money‑laundering channels into legitimate income.

Now what he is thinking about is large‑scale involvement in the laundering business.

Using financial means to launder money is an important avenue.

To figure out the causality, Yang Qihang stepped off the pressure plate.

In fact, the global financial oligarchs are all in the laundering business.

Because many of the people behind them have underworld dealings.

Of course, they won't do it themselves.

Instead they operate via financial investment, for example by controlling a stock, letting you buy at a low price, then inflating the stock so that your profit washes the dirty money clean.

For instance, you buy a jade piece cheaply for 100,000, then auction it off for a price of one million.

Like currency futures, now combined with virtual currency trading.

Virtual currencies are also being fully financialized.

Someone like Longshan, who controls two trading platforms, can easily exercise pricing power through his authority.

What he lacks now is professional financial talent to carry out such tasks.

He also needs an export channel.

Joint payment is not easily regulated.

Having figured it out, Yang Qihang's expression turned sour.

He has high hopes for the joint payment system, and running this platform has already cost them a huge price, with even greater costs ahead.

In the process, they also bear massive risk.

When others top up money, they may not spend it immediately; the large amount of idle joint coins forces the joint payment system to shoulder substantial exchange‑rate risk.

For example, today 100 Hong Kong dollars are converted into 100 joint coins; if the Hong Kong dollar plummets the next day, he stops using Hong Kong dollars and instead raises the value of Daxia currency.

From this single in‑and‑out, he might earn just ten dollars.

Meanwhile, the joint payment system must bear that exchange loss, and sometimes even faces a run on the funds.

This requires extremely sophisticated and complex financial risk control.

Of course, the joint payment charges fees, but they cannot fully cover this risk.

The joint payment profits from retained funds; when you top up and leave it idle for a long time, the system can invest that capital.

Now Longshan wants to use the joint payment to launder money?

Don't even think about it.

Yang Qihang has already prepared to firmly refuse.

He is even willing to offend this big boss.

He stands at the window ledge, feeling mentally exhausted.

In the past, outsiders would go to great lengths to trap them.

Now even their own people have started to trap the Yang Family.

And they intend to deceive by exploiting the younger generation's lack of experience.