LONG AWAITED GUIDANCE

China

China’s crackdown on crypto further strengthened on Thursday, as the Supreme Court ruled that crypto transactions constitute “illegal fundraising.” If found guilty

China’s Supreme Court Rules Fund Raising in Crypto Illegal

China Makes Crypto Transactions Illegal, Threatens up

China Has Intensified Its Crackdown

China has intensified its crackdown on financial crimes, especially those involving cryptocurrency. According to a recent work report presented at the Third Session of

Evergrande and Zhongzhi: China’s Cryptocurrency Crackdown

China’s Supreme Court Targets Illegal Fundraising Via Crypto

China’s Top Court Hold High-Level Talks on Crypto

China's crypto re-crackdown: Fines and jail sentences to come into

China’s Supreme Court Declares Crypto Fundraising Is Illegal

The Court Declares Crypto

The court declares crypto-fundraising illegal and determines jail time and fines for suspected persons. To be clear, the new bill announced on Thursday is an amendment to previous

China’s Bitcoin Crackdown Strengthens With Potential

China’s supreme announced powers to jail those found guilty of raising funds through token sales, expanding its crypto crackdown. Amid primarily sensitive market

Thursday

Thursday's ruling said that suspects will be prosecuted under Article 176 of China's criminal law, which stipulates prison sentences between three and 10 years and fines