China Supreme Court Makes Crypto Fundraising a Criminal Offence


Fundraising that exceeds CNY 50 million, or losses involving at CNY 25 million or 5,000 people, could result in more than 10 years in prison.

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Fundraising that exceeds CNY 50 million, or losses involving at CNY 25 million or 5,000 people, could result in more than 10 years in prison.

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Sign up for a free 2-week trial and get instant, unrestricted and unlimited access to Regulation Asia.

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crypto, cryptocurrency, cryptocurrency fundraising, financial leases, FSDC, Fundraising, ICOs, illegal fundraising, online lending, PBOC, State Council, virtual currency



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