Ministry of Public Security: Illegal buying, selling, renting, lending digital RMB wallets, etc. will be subject to financial punishment
Ministry of Public Security is publicly soliciting opinions on the "Joint Punishment Measures for Telecommunications and Network Fraud and Related Illegal Crimes (Draft for Soliciting Opinions)" from the society. The punished objects in the regulations include units, individuals, and relevant organizers who illegally buy, sell, rent, lend bank accounts, payment accounts, and digital RMB wallets. Financial punishment measures include: suspending the non-counter withdrawal business of bank accounts and digital RMB wallets under the name of the punished object. During the punishment period, no new payment accounts or digital RMB wallets shall be opened for the punished object.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
ZA Miner Introduces Free Cloud Mining Platform for Bitcoin and Dogecoin
ZA Miner, a UK-based cloud mining provider, has officially launched a new platform to make cryptocurrency mining more accessible to a broader audience.
OSC Warns of Surge in AI-Driven Crypto Scams as Canadian Fraud Losses Climb to $640 Million
According to the Globe and Mail report, the Ontario Securities Commission (OSC) is raising red flags over a sharp rise in cryptocurrency fraud across Canada, as scammers now weaponize artificial intelligence to swindle unsuspecting investors.
Arkansas City Planning Commission Rejects Crypto Mining Proposal Amid Strong Community Backlash
The Vilonia Planning Commission has unanimously turned down a proposed cryptocurrency mining facility within city limits, following weeks of vocal opposition from residents.
Bitcoin Climbs to $94,000 Driving Market Above $3 Trillion
Trending news
MoreCrypto prices
More
