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China’s Supreme Court Calls Cryptocurrency Fundraising Criminal Offence

By
Juro Osawa
· · Source: South China Morning Post

China’s supreme court said cryptocurrency fundraising would be a criminal offense in the country, the South China Morning Post reported. The court said in a new interpretation of national law that penalties for a person who raises 50 million yuan ($7.9 million) or more in cryptocurrency could be more than 10 years in prison, according to the report. The latest move by the Supreme People’s...

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