公众号
关注微信公众号
移动端
创头条企服版APP

China Explores Criminal Sentencing for Cryptocurrency Trading and Mining Offences

5874
钛媒体 App 2021-10-11 23:10 抢发第一评

BEIJING, October 11 (TMTPOST)  - China’s criminal justice system is currently researching criminal sentencing guidelines for cryptocurrency trading and mining, Sina Finance reported. The authorities are exploring the legal mechanism for sentencing such new violations and will later publish relevant judicial interpretations.

Chinese regulator is no doubt strengthening its crackdown on cryptocurrency after defining it as illegal.

China’s central bank People’s Bank of China and ten government departments, including the Cyberspace Administration of China and the justice system, released the Notice on Preventing and Dealing with Risks from Cryptocurrency Trading on September 24.

The notice once again stresses that cryptocurrency trading and relevant services and activities are illegal and clarifies that it is also illegal for overseas cryptocurrency trading service providers to offer services to residents in China.

China’s National Development and Reform Commission and other ten government departments published the Notice on Regulating Cryptocurrency Mining Activities on the same day, completely banning cryptocurrency mining activities.

A number of cryptocurrency trading platforms such as Huobi Global had subsequently stopped providing service for clients in mainland China.

Around 24 cryptocurrency platforms have announced that they would stop providing service for clients in mainland China, according to statistics from Sina Finance. The other two major trading platforms (Huobi Global, OKEx, and Binance are considered as the top three trading platforms in China) have not yet made any statement on the recent development.

It is worth noting that relevant government departments have been studying the implementation of new rules and regulations since the central bank released the notice. China’s justice system is also researching on this matter and exploring the legal mechanism for sentencing cryptocurrency trading and mining-related offenses, Sina Finance reported, quoting several sources close to the regulator. It is said that the justice system will then publish relevant judicial interpretations on cryptocurrency trading and mining.

更多精彩内容,关注钛媒体微信号(ID:taimeiti),或者下载钛媒体App

声明:该文章版权归原作者所有,转载目的在于传递更多信息,并不代表本网赞同其观点和对其真实性负责。如涉及作品内容、版权和其它问题,请在30日内与本网联系。
您阅读这篇文章花了0
转发这篇文章只需要1秒钟
喜欢这篇 1
评论一下 0
凯派尔知识产权全新业务全面上线
相关文章
评论
试试以这些内容开始评论吧
登录后发表评论
凯派尔知识产权全新业务全面上线
阿里云创新中心
×
#热门搜索#
精选双创服务
历史搜索 清空

Tel:18514777506

关注微信公众号

创头条企服版APP