Vice Dean of the Law School of Southwest University of Science and Technology: The crackdown on underground banks and token financing trading platfor

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Cointime2024/01/01 09:02

By:Cointime

At the 2023 annual meeting of the China Association for Promoting Democracy and Legal System Construction, experts in attendance believed that new payment methods such as virtual currencies and electronic gift cards provide new hidden channels and ways of delivering benefits. Liao Tianhu, Vice Dean of the Law School of Southwest University of Science and Technology, pointed out that cases of bribery involving digital currencies such as Bitcoin and Ethereum in reality require relevant responses from China's anti-corruption legislation and practice. In order to effectively prevent and combat the occurrence of crimes such as the acceptance of virtual currencies by corrupt individuals, efforts should be made to increase the crackdown on underground banks and token financing trading platforms engaged in exchange transactions between legal tender and tokens, virtual currencies, and to effectively regulate relevant platforms.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Bitget-RWA•2025/09/12 06:14