HomeDIGITAL ASSETS REGULATORYworldwide-stablecoinChina State Daily Urges for Tougher Enforcement Against Cryptocurrency, Deems it a...

China State Daily Urges for Tougher Enforcement Against Cryptocurrency, Deems it a “Corruption Channel”

According to an article by The Legal Daily, cryptocurrency is being referred to as an easily concealed method of bribery. This suggests that individuals involved in corrupt activities are using digital currencies to facilitate illegal transactions and avoid detection. The anonymity and decentralized nature of cryptocurrencies make it difficult for authorities to trace and monitor these transactions effectively. The article highlights the growing concern surrounding the use of cryptocurrency in bribery schemes, emphasizing the need for increased regulation and enforcement to combat this issue.

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