TechFlow news: The Shanghai No. 2 Intermediate People's Court released a white paper on criminal trials emphasizing both punishment and governance, revealing that since 2019, the court has concluded over 600 cases involving crimes related to quasi-financial trading platforms. Futures, stocks, and virtual currencies are the three primary criminal domains, accounting for 50%, 20%, and 11% respectively.
The white paper指出指出 that criminal activities have gradually shifted from traditional physical investments such as stamps and paintings toward financial products like futures and options, and are now extending into emerging areas such as NFTs and digital currencies. Offenders primarily use WeChat official accounts, mini-programs, and live streaming platforms to conduct fraudulent promotions, leading to a continuously expanding victim base.
