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China's Communist Party orders tougher crackdown on crypto corruption

Original: THE BLOCK: China's Communist Party has ordered tougher action against corruption involving cryptocurrencies, blockchain,

China's Communist Party has ordered tougher action against corruption involving cryptocurrencies, blockchain, and cross-border funds, according to a government document released on Sunday. The decision specifically targets the use of crypto and blockchain tools to move illicit funds abroad. The directive signals renewed official concern over digital assets as channels for bribery and money laundering in China.

Why now: A newly released government document shows Beijing tightening anti-corruption rules around crypto and cross-border money flows.

Communist Party of ChinaChinacryptocurrencyblockchain

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• THE BLOCK: China's Communist Party has ordered tougher action against corruption involving cryptocurrencies, blockchain, and cross-border funds, according to a government document released on Sunday. The decision specifically targets the use of crypto and blockchain to · TheBlockCo · 10

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