TechFlow news — On the noon of November 5, Xiao Sa, partner at Beijing Dacheng Law Firm, wrote an article stating that recent cryptocurrency-related cases exhibit a new trend: they mostly emerge as side effects from other cases rather than arising directly.
“From 2014 to 2019, criminal cases involving cryptocurrencies were primarily direct incidents, typically triggered by events such as total loss of virtual assets or fraudulent acts by investment agents who embezzled coins. The main charges were 'fraud under Article 266 of the Criminal Law' and 'fund-raising fraud under Article 192.' Later on, scattered cases also involved 'organizing and leading pyramid schemes under Article 224-1 of the Criminal Law.'
“However, today’s charges mostly arise when associated individuals or entities in the supply chain run into problems, prompting investigations by police or prosecutors. Authorities then follow leads to trace related parties, initially identifying them as witnesses and requesting their cooperation in inquiries. During these cooperative investigations, further information is uncovered, revealing additional criminal clues—shifting the process from witness interviews to interrogations of criminal suspects.”
Original URL: https://mp.weixin.qq.com/s/KuWHzCtY-gCadnUM8q99cg
