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- Reported
- People’s Bank of China (PBOC) banned financial institutions and payment businesses from providing services related to crypto transactions
- bitcoin scheme operating since 2019, involving transactions totalling more than 1.4 billion yuan
- Procuratorate recommended sentencing six individuals for 2-4 years
- Prosecutor’s statement
Investigation into Cryptocurrency Fraud
- Man in Suzhou, Jiangsu province sentenced to 16 months for tampering with a meter box to get subsidized electricity for crypto mining operation
- [State Council’s Financial Stability and Development Committee](https://www.scmp.com/finance/personal-finance