【Market Flash】China’s anti-corruption campaign sets its sights on crypto, with virtual currencies becoming targets of investigation
A resolution passed by the Fifth Plenum on October 29 has been released, naming corruption conducted via the internet, virtual currencies, cross-border funds, and blockchain as targets. Trading has already been banned on the mainland, and the new rules do not change the law; they target officials, their family members, and “front men.” Public ledgers make transactions traceable, as illustrated by the case involving Yao Qian and 2,000 ETH. Will this make it harder to hide funds?
$BTC $ETH $SOL
#中国 #反腐 #Cryptocurrency
(Source: BeInCrypto)
⚠️Risk warning: The above is shared for market information only and does not constitute investment advice. Investing involves risk; please exercise caution.
A resolution passed by the Fifth Plenum on October 29 has been released, naming corruption conducted via the internet, virtual currencies, cross-border funds, and blockchain as targets. Trading has already been banned on the mainland, and the new rules do not change the law; they target officials, their family members, and “front men.” Public ledgers make transactions traceable, as illustrated by the case involving Yao Qian and 2,000 ETH. Will this make it harder to hide funds?
$BTC $ETH $SOL
#中国 #反腐 #Cryptocurrency
(Source: BeInCrypto)
⚠️Risk warning: The above is shared for market information only and does not constitute investment advice. Investing involves risk; please exercise caution.
