China’s Communist Party Calls for Crackdown on Corruption Using Crypto and Blockchain
China's Communist Party called for a crackdown on corruption committed through the internet, virtual currencies, cross-border capital and blockchain, per a resolution from the Fifth Plenary Session of the 20th Central Committee on October 29. The document also urges stronger probes of cross-border graft and recovery of illicit assets. For traders, it signals continued Chinese state pressure on crypto-linked activity, though no specific market measure is named.
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