- China’s Ministry of State Security issued a stark warning that virtual assets could be exploited for espionage, money laundering and cyberattacks.
- The ministry also raised concerns about the anonymity of virtual assets, saying foreign intelligence agencies could use that feature to recruit targets.
- China has maintained strict regulation of virtual asset exchanges and mining activities, and has classified profit-making virtual asset businesses as illegal after banning exchange operations in 2017 and mining in 2021.
Forecast Trend Report by Period
China’s Ministry of State Security has issued a stark warning that virtual assets, or cryptocurrencies, can be exploited for…
