The Communist Party of China calls for strengthened crackdowns on encrypted bribery and corruption
2026-11-01 20:47:06
According to CoinMeta, the Communist Party of China called for stricter actions against corruption involving cryptocurrencies, blockchain technology, and cross-border financial transfers in a resolution passed on October 29th. According to an official resolution released by Xinhua News Agency on November 1st, the party hopes that investigators will trace officials who have accepted bribes or transferred illegal wealth using digital assets and concealed financial arrangements. The document lists virtual currencies alongside internet transactions, cross-border capital, and blockchain, stating that these channels require stronger anti-corruption enforcement. The resolution emphasizes the need to combat corruption through virtual currencies and blockchain, and requires investigations into those involved in bribery and their providers, with special attention paid to senior officials and their families.
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Source:Cryptonews
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