corruption | Bit.Fan

Chinese Communist Party calls for tougher action on corruption involving virtual currencies

China’s central leadership has called for stronger action against corruption involving virtual currencies, cross-border funds, and collusion between political and business interests, according to a Techub News item citing Bloomberg. The decision was passed on Oct. 29 and was released under authorization from Xinhua on Nov. 1. The brief did not provide additional details on enforcement steps or specific cases, but it identified virtual-currency-related corruption and cross-border capital activity as part of the conduct targeted in the decision. The update was published by Techub News as a short news item and attributed to Bloomberg.

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