China's Communist Party resolution calls for crackdown on corruption involving cryptocurrency, virtual currency, and blockchain technology.
Regulation & Gov ·
At its Fifth Plenary Session on October 29, China's Communist Party adopted a resolution calling for efforts to combat corruption involving virtual currency, blockchain technology, and cross-border capital flows. The directive also emphasizes strengthening investigations into cross-border corruption and asset recovery.
The resolution targets corruption schemes that exploit digital and decentralized infrastructure, placing crypto and blockchain alongside internet-based and cross-border channels as vectors for illicit activity. This framing aligns corruption enforcement with broader party priorities on financial oversight and capital controls.
The resolution does not specify enforcement mechanisms, timeline, or which existing agencies will lead implementation. It remains unclear whether this represents a shift in enforcement intensity or a restatement of existing policy objectives.