China experiencing increased crypto-related corruption, bribery cases
China is facing a significant increase in corruption and criminal activities linked to cryptocurrencies and digital financial instruments. The trend was a key topic at the 2023 Annual Conference of the Chinese Association for the Study of Integrity and Law, as reported by local media sources. The association, a prominent entity approved by the Chinese Law Society, highlighted how advancements in digital currencies and electronic gift cards are being exploited for corrupt transactions. Legal experts at the conference, including Professor Mo Hongxian from Wuhan University and Associate Professor Zhao Xuejun from Hebei University, emphasized the growing challenge of monitoring these sophisticated forms of corruption . This shift is largely attributed to the intensified anti- corruption measures implemented since the 18th National Congress of the Communist Party of China. Corrupt officials and individuals are increasingly turning to the digital space to evade heightened surveillan...