Traders on X are flagging this one 👀 (WatcherGuru, 4.4K likes)
China's Communist Party resolution, adopted Oct 29 and published Nov 1, pledges tougher action against corruption via virtual currency, blockchain and cross-border capital.
Why it matters: this is not a new trading ban. The target is officials and intermediaries hiding bribes, not ordinary holders. But it gives investigators backing to trace bribes through wallets and offshore exchanges, and on-chain trails do not fade.
Crackdown on hidden money, or a wider chill on offshore crypto? 👇
Not financial advice. DYOR.
#crypto #China
China's Communist Party resolution, adopted Oct 29 and published Nov 1, pledges tougher action against corruption via virtual currency, blockchain and cross-border capital.
Why it matters: this is not a new trading ban. The target is officials and intermediaries hiding bribes, not ordinary holders. But it gives investigators backing to trace bribes through wallets and offshore exchanges, and on-chain trails do not fade.
Crackdown on hidden money, or a wider chill on offshore crypto? 👇
Not financial advice. DYOR.
#crypto #China
