China
Odaily
CPC Central Committee Vows to Crack Down on Corruption via Internet, Virtual Currencies, Cross-Border Funds, and Blockchain
- The CPC Central Committee explicitly named virtual currencies (cryptocurrencies) and blockchain as tools being exploited for corruption that must be targeted.
- The directive also flags internet-based schemes and cross-border fund transfers as key channels enabling corrupt practices.
- It calls on relevant Chinese authorities to strengthen detection and enforcement against these technology-enabled and cross-border corruption methods.