TechFlow news: On February 4, the Ministry of Public Security announced that it has drafted the “Cybercrime Prevention and Control Law (Draft for Public Comment),” which stipulates that no individual or organization may knowingly facilitate fund transfers, payment settlements, or similar activities involving proceeds derived from others’ illegal or criminal activities. Such prohibited activities include: 1. Providing services to others for withdrawing, transferring, or transporting cash; 2. Illegally transferring funds through bank accounts, payment accounts, or online trading or online top-up platforms via sham transactions or other means; 3. Providing fund transfer services to others using virtual currencies or other online virtual assets.
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / support@techflowpost.com ICP License: 琼ICP备2022009338号
