"Anti-Telecom Network Fraud Law": It is prohibited to assist others in money laundering through methods such as virtual currency transactions

Chain Catcher News, the Supreme People's Procuratorate issued the "Anti-Telecom and Network Fraud Law of the People's Republic of China" passed on September 2, which stipulates in Chapter 4 "Internet Governance," Article 25, that no unit or individual may provide the following support or assistance for others to carry out telecom network fraud activities: (1) selling or providing personal information; (2) assisting others in laundering money through virtual currency transactions; (3) other acts that provide support or assistance for telecom network fraud activities. This law will take effect on December 1, 2022. (Source link)