China’s Prosecutorial Authority Takes Action Against Crypto Scams

China’s Prosecutorial Authority Takes Action Against Crypto Scams
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Xiaojin suggested that cryptos have become a common ground for illegal activities. 
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Scammers create professional-looking websites or platforms that appear similar to the original ones.
In 2021, the PBoC officially announced measures to fight against crypto adoption in mainland China, pushing for stronger inter-departmental coordination to crack down on crypto activity in the country.
Despite the ban covering virtually all crypto transactions and cryptocurrency mining, mainland China has been a significant crypto-mining hub.
SSP Takes Action Against Crypto Scams
China’s highest prosecutorial authority, the Supreme People’s Procuratorate (SPP), is targeting criminals who use blockchain and metaverse projects for illegal activities as it aims to combat increasing cybercrimes. The SPP is concerned about the rise in online fraud, cyber violence, and personal information infringement.
Xiaoyan has highlighted that internet theft charges ha

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