Supreme Court Report: Severely punish crimes such as money laundering and capital flight using virtual currencies as a medium, and work together to prevent illegal cross-border fund transfers

Deep Tide TechFlow News, March 9 — According to Jinshi Data citing CCTV News, the Fourth Session of the 14th National People’s Congress held its second plenary meeting at the Great Hall of the People in Beijing on the morning of March 9. Zhang Jun, the President of the Supreme People’s Court, delivered the Supreme People’s Court work report. The report shows that over the past five years, 9,326 cases involving cyber security crimes affecting 22,000 people have been concluded, representing a 158.5% increase in case numbers compared to the previous five years. Crimes such as online rumors, online pyramid schemes, and cyber violence are being punished according to law to promote comprehensive governance of online space security. Two young people maliciously “doxxed” others, illegally obtained and spread private information, and were legally convicted and sentenced. Crimes involving virtual currency for money laundering, illegal cross-border transfers, and other illegal activities are being strictly punished, with efforts to prevent illegal cross-border fund transfers. It is clarified that drivers who activate assisted driving functions while intoxicated should still bear criminal responsibility, and technological applications must adhere to legal boundaries.