Share this article
China Seeking Judicial Authority to Convict and Sentence Crypto Activities: Report
Judicial interpretations are likely to be issued in the future.
Updated May 11, 2023, 5:16 p.m. Published Oct 11, 2021, 11:47 a.m.
The Chinese judiciary is reportedly investigating how to convict and sentence activity related to cryptocurrency.
- It is expected that judicial interpretations will be issued in the future, China-based crypto journalist Colin Wu tweeted Monday, citing Beijing political magazine Caijing.
- The current laws in China that make commercial activities involving crypto illegal cannot be applied, and so the government needs the judiciary to interpret them.
- Virtually all crypto trading was outlawed in China last month, when the exchange of one crypto for another was banned. Caijing Magazine has suggested that the withdrawal of exchanges could see the criminal activities involved becoming more concealed.
Read more: China Crypto Bans: A Complete History
STORY CONTINUES BELOW
Більше для вас
Що варто знати:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Більше для вас
Polish Government Pressures President to Sign Crypto Bill He Already Rejected: Report
The Polish government reintroduced crypto legislation without changing a single period, after telling the president he needs to sign it to avoid Russian-linked security threats.
Що варто знати:
- Poland's government has reintroduced a cryptocurrency bill that was vetoed by President Karol Nawrocki, with Prime Minister Donald Tusk urging its passage to address national security concerns linked to Russia and former Soviet states.
- The Cryptoasset Market Act aims to align Poland's regulations with the EU's Markets in Crypto-Assets regime, providing a unified framework for crypto oversight.
- President Nawrocki vetoed the bill, citing concerns over stringent regulations that he believes threaten the freedom and stability of Polish citizens.
Top Stories
