China’s Top Prosecutor Targets Crypto Crimes in Financial Security Push

China’s Supreme People’s Procuratorate, at the national procurators meeting in Beijing, pledged to strengthen measures safeguarding economic and financial security. Plans include imposing severe penalties for smuggling strategic minerals, cracking down on illegal financial activities, and intensifying anti–money laundering enforcement. Targets include underground banks and cryptocurrency-based laundering schemes, alongside broader efforts to curb illicit finance.

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