Within three months, China’s judicial interpretation of criminal actions against cryptocurrency will be issued

In addition to the illegal use of cryptocurrency for illegal activities, cryptocurrency supervision in China is currently at a limited stage of policy and regulation. Furthermore, there is also no judicial interpretation involved and specific application of laws and regulations to handle such cases.

However, according to Wu Blockchain, a security company composed of the former Chinese police predicts that within three months, China’s judicial interpretation of criminal actions against cryptocurrencies will be issued.

Within three months, China’s judicial interpretation of criminal actions against cryptocurrency will be issued

According to Chain Review Technology, step-by-step supervision can effectively limit mass financial risks and maintain financial stability. Therefore, based on the history of cryptocurrency development and the frequency of current rules and regulations, the company predicts that the first judicial interpretation explicitly targets digital currency for attacks. Criminal Justice will be issued within 3 months. They will continue to monitor and update the information to the market.

The relevant laws and regulations have now been enacted to incorporate a series of actions such as token funding, sales, and trading into the order of supervision and suppression until it is fully supervised.

If domestic users want to participate in Bitcoin transactions, they need to exchange their yuan for digital currency from the OTC before they can participate in the transaction. As a result, there are quite a few common types of crimes associated with the OTC market.

In summary, OTC merchants, exchanges that provide matching transactions, mining, and ICOs are likely to constitute illegal business crimes in the future in China.

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