China’s Communist Party announces crackdown on crypto bribery and tightens tech oversight

China’s Communist Party has introduced a new resolution targeting corruption linked to cryptocurrency, blockchain activity, and illegal cross-border financial transfers. The initiative, approved in late October and published by Xinhua in early November, aims to step up enforcement while maintaining existing restrictions on digital asset trading and payments. The Communist Party’s latest resolution highlights the use of cryptocurrency as a tool for hiding bribes or moving unlawfully obtained funds outside China. Beijing intends to increase scrutiny of blockchain transactions, online activity, and cross-border payments to uncover corrupt practices involving digital assets.

Source: CoinTurk News