China’s Communist Party has called for stricter action against corruption involving cryptocurrencies, blockchain technology and cross-border financial transfers under a resolution adopted by its Central Committee on October 29.
Summary
- China’s Communist Party has called for tougher action against corruption involving virtual currencies, blockchain and cross-border capital.
- The October 29 resolution targets officials who conceal bribes, misuse public power or move illicit assets through intermediaries.
- The document calls for stronger international cooperation, investigations into overseas corruption and recovery of stolen assets.
- The resolution does not introduce a new…
