The Ministry of Public Security's draft on Internet Crime Prevention and Control Law includes illegal virtual currency transactions.

Deep Tide TechFlow News, February 4th, the Ministry of Public Security announced that it has drafted the “Cybercrime Prevention and Control Law (Draft for Comments),” which includes: No individual or organization shall knowingly engage in the following fund transfer, payment, and settlement activities with funds obtained from illegal activities: 1. Providing cash withdrawal, transfer, or transportation services for others; 2. Using bank accounts, payment accounts, or online transaction and recharge platforms to carry out illegal fund transfers through false transactions; 3. Using virtual currencies or other online virtual assets to provide fund transfer services for others.

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