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China’s Supreme Court To Investigations Into Securities And Crypto

China’s Second Civil Division of the Supreme People’s Court held a press conference on July 25 to announce its:

China’s Supreme Court To Investigations Into Securities And Crypto

 “Opinions of the Supreme People’s Court on Providing Judicial Services and Guarantee for Accelerating the Construction of a National Unified Market” and cases supporting them.

In response to a query about investor protection from a reporter from the China Securities Journal, Deputy Chief Judge Zhou Lunjun stated that the Supreme People’s Court would actively pursue new types of cases involving asset-backed securities, cryptocurrencies, and cross-border financial product transactions as well as further summarise trial experience. 

In order to harmonize the way laws are applied and advance the rule of law, the Supreme People’s Court recently produced a number of judicial interpretations and judicial policy documents. These documents encourage the growth of financial markets, allow investors to invest with confidence, and lower the institutional cost of capital market financing. Research, successfully protecting the legal rights of investors, and providing high-quality judicial assurance are necessary for the wholesome expansion of the national unified capital market.

Among them are the prompt revision of judicial interpretations for the trial of criminal cases involving illegal fund-raising, the further clarification of the criminal nature of illegal fund-raising activities like the issuing and selling of stocks, bonds, and fund shares without authorization, and the further re-examination of the legal implications of such activities, and the stringent application of the law to stop different cryptocurrency “Ponzi schemes” and investment traps.

China government unveiled the ninth batch of 348 blockchain filing projects

China’s Supreme Court To Investigations Into Securities And Crypto

The Chinese government unveiled the ninth batch of 348 blockchain filing projects, the majority of which are NFT/digital collections, including two from NetEase, China’s second-largest gaming company, and Moutai, China’s largest publicly traded liquor company. The Ministry of Public Security of China also recommended blockchain-based storage projects. However, China’s current cryptocurrency regulation environment is still rather nebulous and confusing.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Annie

CoinCu News

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

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