Supreme Court Report: Severely Punish Crimes Such as Money Laundering and Capital Flight Using Virtual Currency as a Medium, Collaborate to Prevent Illegal Cross-Border Fund Transfers

BlockBeats News, March 9th, according to CCTV News, the Fourth Session of the Fourteenth National People's Congress held its second plenary meeting at the Great Hall of the People in Beijing on the morning of the 9th, with Chief Justice of the Supreme People's Court Zhou Qiang delivering a work report.

The report showed that in the past five years, 9,326 cases of cybercrime harming network security were concluded involving 22,000 individuals, a 158.5% increase (in cases) from the previous five years. Cyber rumors, online pyramid schemes, cyber violence, and other crimes were lawfully punished to promote comprehensive governance of cybersecurity. Two young individuals engaged in malicious doxxing, illegally obtaining and disseminating others' private information, were criminally convicted and sentenced. Severe punishment was imposed on crimes such as money laundering and capital flight using virtual currency as a medium, to jointly prevent illegal cross-border fund transfers. It was made clear that a driver who activates autonomous driving assistance after drinking alcohol should still bear criminal responsibility, and technological applications must abide by the legal bottom line.