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China's Supreme Court ruled Thursday that some virtual asset transactions can constitute illegal fundraising, paving the way for judicial prosecution of the crypto industry.

A Look at the Evolution of China’s Virtual Currency

China: List of illegal fundraising methods amended to include

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China's Supreme Court adds digital currency to list of illegal

Just In: For the first time, the Supreme Court of China has included virtual currency transactions in the judicial interpretation of illegal fundraising, which is mainly to

SPC Amends Judicial Interpretation on Illegal Fundraising Crimes

On

In one of the amendments, item 8 of Article 2 encompasses “illegal fundraising by way of online lending, investment in shares, [and] virtual currency transactions,”

China’s Supreme Court declares crypto transactions as ‘illegal

On, China's Supreme People's Court added a number of illegal fundraising methods to the list in the Interpretation on Several Issues Concerning the Specific Application

It

China’s hardline policy on crypto took another turn on Thursday as the Supreme Court of the country revised its judicial interpretation for illegal fundraising to include

It’s noteworthy that the Decision includes raising public money through virtual currency as illegal fund-raising. It suggests that certain virtual currency-related

China includes virtual currency transactions under illegal fundraising

China’s Supreme Court adds digital currency to list of

China’s Supreme Court Targets Illegal Fundraising Via - CoinDesk