China Says Crypto Anonymity Cannot Shield Criminals From Blockchain Tracing
9 Articles
9 Articles
(Beijing=Yonhap News) Correspondent Jung Sung-jo = China's counterintelligence agency warns against the use of virtual currency, stating that it is being utilized for illegal activities such as cyber attacks or anti-China activities...
The Ministry of State Security of China (MSS) described crypto privacy as an “illusion” and a “false proposition”. China’s main intelligence agency ensures that the belief that transactions with cryptocurrencies are completely anonymous is wrong, as the record is unalterably recorded on the blockchain network. The organization is a ... Read more
The Chinese authorities have been taking restrictive measures against virtual currencies such as bitcoin for more than a decade, and in 2022 the People's Bank of China (BPC, the central bank) declared "illegal and criminal" all activities linked to cryptocurrencies, including transactions, mining and advertising.
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