News, Reviews & Betas which includes large community peer support All «cryptocurrency transactions» are now illegal in China, ruled the country’s Supreme Court. The broad nature of the ruling suggests investing or trading in crypto tokens could be criminal.
All the popular cryptocurrencies, and their transactions, now fall under criminal law, indicates a ruling by China’s Supreme Court. This ruling could essentially mean any individual, business, or exchange caught buying, selling, trading, or holding cryptocurrency tokens, and raising funds using the medium, could be tried in a court of law as a criminal. In a first-of-its-kind ruling, cryptocurrency transactions will be covered under criminal law in China. The decision was expected to follow the stringent crackdown on the fast-rise in mining and trade of virtual monies. China has already banned cryptocurrency mining, and the country’s law enforcement agencies are on the hunt for illegal activities in the crypto space.
