An Interest In:
Web News this Week
- April 12, 2024
- April 11, 2024
- April 10, 2024
- April 9, 2024
- April 8, 2024
- April 7, 2024
- April 6, 2024
February 24, 2022 09:25 pm
Original Link: https://slashdot.org/story/22/02/24/2058230/china-tightens-law-to-jail-those-found-raising-funds-though-crypto-sales?utm_source=rss1.0mainlinkanon&utm
China Tightens Law To Jail Those Found Raising Funds Though Crypto Sales
China announced powers to jail those found guilty of raising funds via token sales as it expands its crackdown on crypto. From a report: China's highest court amended its interpretation of the country's Criminal Law to make raising money from the public through "virtual currency" illegal, according to a statement today. The amendment comes into force from March 1. While China has banned crypto-based fundraising since 2017, this new amendment means Chinese courts can now officially issue sentences to criminals. Jail terms will vary from below three years to over ten years, depending on the amount raised.Read more of this story at Slashdot.
Original Link: https://slashdot.org/story/22/02/24/2058230/china-tightens-law-to-jail-those-found-raising-funds-though-crypto-sales?utm_source=rss1.0mainlinkanon&utm
Share this article:
Tweet
View Full Article
Slashdot
Slashdot was originally created in September of 1997 by Rob "CmdrTaco" Malda. Today it is owned by Geeknet, Inc..More About this Source Visit Slashdot