CPC Central Committee: Resolutely Crack Down on Corruption Committed Using Virtual Currencies

on November 1, according to a decision of the CPC Central Committee authorized for release by Xinhua News Agency, there must be a resolute crackdown on corrupt acts utilizing the internet, virtual currencies, cross-border capital, blockchain, and other means, addressing emerging and hidden corruption.

The decision was adopted on October 29 at the Fifth Plenary Session of the 20th Central Committee of the Communist Party of China, and calls for thoroughly investigating emerging and hidden corruption forms such as expected returns, agreed proxy holdings, “white gloves”, and the political-business “revolving door”.