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China targets crypto-linked corruption in anti-graft push

China targets crypto-linked corruption in anti-graft push

China’s Communist Party has targeted crypto-linked corruption in a resolution adopted on 29 October.

Xinhua published the resolution on 1 November, following the fifth plenary session of the 20th Central Committee.

“We will also resolutely combat corruption committed via the internet, virtual currency, cross-border capital, and blockchain,” the resolution states in its official English translation.

The measures target concealed bribes, proxy-held assets and intermediaries disguising corrupt payments through legitimate transactions.

The resolution also calls for digital supervision systems, cross-border investigations and efforts to recover assets held overseas.

It further calls for stronger Communist Party oversight across platform…

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