#Supreme People's Procuratorate Cracks Down on Virtual Currency Crimes#
Hot Topic Overview
Overview
The Supreme People's Procuratorate, at a recent national procurators' conference, emphasized that it will increase efforts to combat money laundering crimes and crack down on illegal activities of transferring assets to foreign countries using virtual currencies. The meeting pointed out that procuratorial organs will severely crack down on financial crimes, including illegal fund-raising, loan fraud, financial fraud, market manipulation, etc., and maintain a high-pressure posture against financial crimes involving the public, striving to safeguard financial security and stability. Meanwhile, procuratorial organs will play their role in the Procuratorate Office stationed at the China Securities Regulatory Commission, improve and implement the handover mechanism for securities crime cases, and promote the stable and healthy development of the capital market. In addition, procuratorial organs will actively promote the establishment of a sound mechanism for the connection between administrative law enforcement and criminal justice in the financial field, and strengthen the joint force of risk prevention, enhanced supervision, and promoting development.
Ace Hot Topic Analysis
Analysis
The Supreme People's Procuratorate, at a recent national procurator-general meeting, emphasized that it will step up efforts to punish money laundering crimes and crack down on criminal activities that illegally transfer assets abroad using virtual currencies, in accordance with the law. The meeting pointed out that procuratorial organs should severely crack down on financial crimes, including illegal fundraising, loan fraud, financial fraud, market manipulation, and others, always maintaining a high-pressure stance to punish financial crimes involving the masses, and striving to build a solid foundation for financial security and stability. At the same time, procuratorial organs will play a role in the procuratorate office stationed at the China Securities Regulatory Commission, improve and implement the handover mechanism for securities crime cases, and promote the steady and healthy development of the capital market. In addition, procuratorial organs will actively promote the improvement of a mechanism for the coordination of administrative law enforcement and criminal justice in the financial field, strengthening the combined force of risk prevention, strengthening supervision, and promoting development. This measure shows that the state will continue to strengthen the crackdown on 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
will
intensify
efforts
to
punish
money
laundering
crimes
and
crack
down
on
the
illegal
transfer
of
assets
to
foreign
countries
using
virtual
currencies
in
accordance
with
the
law
strictly
crack
down
on
financial
crimes
including
illegal
fund-raising
loan
fraud
financial
fraud
market
manipulation
etc
maintain
a
high-pressure
stance
against
crowd-based
financial
crimes
and
strive
to
build
a
solid
foundation
for
financial
security
and
stability
actively
promote
the
improvement
of
the
coordination
mechanism
between
administrative
law
enforcement
and
criminal
justice
in
the
financial
field
and
strengthen
the
combined
force
of
risk
prevention
supervision
and
development