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The Court Declares Crypto

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

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

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

China’s Supreme Court Rules Fund Raising in Crypto Illegal

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

China’s Supreme Court Declares Crypto Fundraising Is Illegal

Thursday

Evergrande and Zhongzhi: China’s Cryptocurrency Crackdown

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

China Makes Crypto Transactions Illegal, Threatens up

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

China’s Bitcoin Crackdown Strengthens With Potential

China’s Supreme Court Targets Illegal Fundraising Via Crypto

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