#Supreme Procuratorate Cracks Down on Virtual Currency Crimes#
Hot Topic Overview
Overview
The Supreme People's Procuratorate, at a recent national procurators' meeting, stressed the need to intensify efforts to combat money laundering crimes and crack down on illegal activities involving the use of virtual currencies to transfer assets overseas. The meeting pointed out that procuratorial organs will strictly crack down on financial crimes, including illegal fundraising, loan fraud, financial fraud, and market manipulation, while maintaining a high-pressure posture against financial crimes involving a large number of people, striving to safeguard financial security and stability. At the same time, procuratorial organs will leverage the role of the Procuratorate Office stationed at the China Securities Regulatory Commission, improve and implement the mechanism for handling securities crime cases, and promote the steady and healthy development of the capital market. In addition, procuratorial organs will actively promote the establishment of a sound mechanism for coordination between administrative law enforcement and criminal justice in the financial field, strengthening the joint efforts of risk prevention, strengthening supervision, and promoting development.
Ace Hot Topic Analysis
Analysis
The Supreme People's Procuratorate, at the recent national procuratorate chiefs' meeting, emphasized that procuratorial organs will step up efforts to punish money laundering crimes and crack down on criminal activities of using virtual currencies to illegally transfer assets overseas, in accordance with the law. The meeting clearly pointed out that it is necessary to crack down on financial crimes, including illegal fundraising, loan fraud, financial fraud, market manipulation, etc., and to maintain a high-pressure posture in punishing financial crimes involving the public, in order to build a strong foundation for financial security and stability. In addition, the meeting also stressed the need to give full play to the role of the Procuratorate Office stationed at the China Securities Regulatory Commission, improve and implement the mechanism for handing over cases of securities crimes, promote the stable and healthy development of the capital market, and actively promote the improvement of the mechanism for coordinating administrative law enforcement and criminal justice in the financial field, strengthening the combined force of preventing risks, strengthening supervision, and promoting development. This move indicates that the state will further strengthen the fight against virtual currency crimes, maintain financial security and stability, and promote the healthy development of the capital market.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
prosecutor
offices
will
increase
efforts
to
punish
money
laundering
crimes
and
legally
crack
down
on
the
illegal
transfer
of
assets
to
overseas
jurisdictions
through
virtual
currencies
strictly
crack
down
on
financial
crimes
including
illegal
fundraising
loan
fraud
financial
fraud
market
manipulation
etc
maintain
a
high-pressure
stance
against
crowd-based
financial
crimes
strive
to
build
a
solid
financial
safety
and
stability
bottom
line
actively
promote
the
improvement
of
the
coordination
mechanism
between
administrative
law
enforcement
and
criminal
justice
in
the
financial
field
strengthen
the
combined
force
of
risk
prevention
strong
supervision
and
promotion
of
development